donald trump | The Property Chronicle

Global political instability: a threat to the markets?

by Matein Khalid | Aug 14, 2017 | The Macro View

The old stock exchange cliché goes “markets go up like an escalator, go down like an unhinged elevator”. The world learnt this lesson the hard way as geopolitical tensions between the US and North Korea escalated to nuclear brinkmanship. Trump’s ‘fire and...

The hunt for value in global equities

by Matein Khalid | Jul 25, 2017 | The Macro View

The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the ‘animal spirits’ of the Wall Street bulls,...

Europe faces macro storm clouds this autumn

by Matein Khalid | Jul 10, 2017 | The Macro View

European equities were the classic ‘pain trade’ of 2017, the bull market’s wall of worry was scalable, even a slam dunk. Geert Wilders and Marine Le Pen were defeated in the Dutch and French election, reducing political risk in Europe. Greece got its...

Wall Street: a hawkish Federal Reserve and the US dollar comeback

by Matein Khalid | Jun 19, 2017 | The Macro View

Dr Janet Yellen surprised the financial markets with her hawkish take on interest rate policy and inflation even as the FOMC raised the Fed Funds rate for the fourth time since December 2015. Despite successive weak CPI and auto/retail sales data, Dr Yellen asserted...

The fallout from the UK election is self-evident

by Matein Khalid | Jun 12, 2017 | The Macro View

Like David Cameron’s Brexit referendum, Theresa May gambled her political career on her decision to hold a snap election to consolidate the Tory majority in the House of Commons. With 318 seats, Mrs May’s gamble backfired and the Tories are now forced to negotiate a...