Scott Rundell, CIO of Mutual Limited, provides an update on the market implications of Donald Trump’s re-election as US President. Scott discusses the potential impact of Trump’s key policy proposals, including steep trade tariffs, corporate tax cuts, deregulation, and controversial immigration measures. While US equity markets have rallied on expectations of tax cuts, inflationary concerns from tariffs are driving bond yields higher, adding uncertainty around future interest rate cuts.
For Australia, Scott highlights the risks tied to US-China tensions, which could affect exports and inflation, as well as the broader economic outlook. He also emphasizes the long-term uncertainty around Trump’s ability to deliver on these policies, underscoring the difference between campaign promises and governance.
Watch the full update below for more insights.
