Every brokerage house is coming out with its list of “Trump trades”, now that America’s triumphant caudillo is deemed a shoo-in for a second presidency.
So here are a few of mine for the mix: short Europe, with conviction; short oil; short peace; and take a counter-consensus flutter on a global deflationary bust.
Needless to say, it is impossible to “price” the geopolitical smash-up that lies ahead, or to take the measure of a Trump II regime pre-armed with Project 2025, plotting his march through America’s........