2024-07-03 23:14:40 ET
Summary
- With Trump's election odds rising, investors need to start considering the implications of his policies.
- I believe Trump's policies are inflationary, which may lead to higher long-term interest rates in response.
- Even if Democrats win, America's fiscal situation remains dire and the path of least resistance may be higher long-term interest rates.
Amidst all the hoopla of last week's disastrous debate performance by President Biden against former President Trump, I believe the markets have underappreciated the investment implications of a potential Trump victory....
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PFIX: Trump Policies Potentially Inflationary