The previous year was rife with global political surprises. These cycles have become microcosms of a much larger global theme: politics are now increasingly a place for the “have nots” to wage war on the “haves,” rather than a battleground for those aligned with the more traditional liberal vs. conservative party lines. For domestic markets, a Trump victory has, so far, propelled equities to new highs amid the prospect of increased spending, reduced taxes, and pared regulation. The ideas that fiscal deficits may soon begin to expand and that central banks are nearing the limits of their effectiveness have provided…
The Political Cycle And Markets – Does The Rising Tide Of "Populism" Matter?
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