OPINION: Markets in the age of Trump

Equity markets continue to grow in confidence and relish the resumed expansive monetary policies. Central Banks have become dovish, once again, led by the Federal Reserve. The Fed has been persuaded by the Trump administration to abandon the 'hawkish policy' that saw them raising interest rates and reducing liquidity. This pressure combined with the disastrous impact their monetary policy was having on equity markets, forced a return to a neutral stance. Global Central Banks have followed suit, including the RBA, while the US/China trade war rages on. US/China Trade Wars