Trump Trade Curve-Ball?

Introducing the ‘Long and Short’, an audio version of the LinkedIn newsletter by Neil Staines of Eurizon SLJ Capital, which discusses macroeconomic themes from the past week and has been produced for Professional Investors. Key topics include the Bank of England's recent rate cut and its updated inflation projections influenced by the UK Budget. The discussion moves to the impact of the US election on global markets, focusing on President Trump's fiscal policies and the implications for inflation and the US yield curve. Additionally, the episode examines the Fed Minutes, highlighting concerns in commercial real estate and selective business hiring. The core macroeconomic view suggests continued disinflation and growth moderation in the US, predicting a soft landing with higher equities, bonds, and a weaker dollar. 00:00 Introduction to the Long and Short00:25 Bank of England Policy Update01:08 UK Economic Outlook01:46 Pricing President Trump03:06 Three. That’s the magic number!03:59 Just a Minute05:16 The Long & Short of it…06:02 Disclaimer and Legal InformationThe opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.