Shane Oliver, Head of Investment Strategy and Chief Economist.
The following note looks at the risks for investors from President Trump’s approach and policies.
The key points are as follows:
- So far President Trump has been positive for share markets but this year the focus is increasingly shifting to populist policies with greater risk for investors.
- The key risks to keep an eye on in this regard relate to trade conflict and the expanding US budget deficit, although the latter is more a risk for when the US economy next turns down.
- However, the best approach for investors in relation to Trump is to turn down the noise given the often contradictory and confusing news flow he generates.