Trump prices can reclaim market psychology

‘I can’t put the toothpaste back in the tube’

Global markets rebound on Tuesday, even if commercial tensions show small signs of cooling. Namely: Beijing has sworn that he “would fight until the end” against President Trump’s last price threats.

Wall Street analysts have published a wave of downgrades for the S&P 500, and billionaire business leaders grow back against Trump. (Among them, Elon Musk, the greatest support of the president, who directly called on Trump to reverse the course, reports the Washington Post.)

All this adds to a dark mood suspended on conference rooms and commercial floors, CEOs and investors saying to Dealbook, they fear that a new irreversible era for world affairs is at hand.

A major concern on both sides of the Atlantic: Trump’s radical prices are not content to work global growth, but will also trigger a new era of protectionist policies that increase inflation, SAP companies and cooling investments – especially in the United States.

Some are asking if Trump’s prices will revive the daily flows of $ 1 billion speaking in capital markets, much like when the coronavirus pandemic forced a global rensation of world supply chains. “This” cannot put the toothpaste at the time of the tube “is real, if you ask me,” said Dealbook Joachim Klement, head of the Panmure Liberum investment bank strategy.

Even before the prices, investors rethink their approach in the United States For years, fund managers around the world have flocked in American actions, a lucrative trade nicknamed “Tina”, abbreviation of “there is no alternative”. This trade has considerably reversed since the day of the ballot, with actions in Asia and Europe outperforming their American counterparts. (That said, Jamie Dimon of Jpmorgan Chase warned on Monday that the “remain relatively high” equity prices)))