
An Attempt to Define the Current State of Play
Investors and businesses came into this year with misplaced optimism that President Trump would promote pro-growth policies and fuel higher risk asset prices. In a matter of months, Trump has instead effectively sidelined the U.S. exceptionalism theme, triggered a significant stock market correction, severely impaired what was a strong U.S. economy, and is approaching the brink of a “crisis of confidence.”
04/21/2025