Monday, November 14, 2016

Under Trump, TPP is off the table

The obvious trade with a Trump victory is to own Russian and Kazakhstan assets — bonds and equities. That is the obvious trade for the simple reason that Mr. Trump has a more benign view of the world and respects the perspective of foreign leaders.

In the U.S. we have a fully priced stock market ... the large bargain you can find is in emerging markets in my opinion.