March Madness

Despite Donald Trump having been inaugurated as the 45th President of the United States only 28 days ago, saying that it has been an event-packed month is the under-statement of the decade.

However, as Randy Bachman sang in his number-one hit in 1974 – incidentally the year President Richard Nixon resigned following the Watergate scandal – “You Ain’t Seen Nothing Yet”.

Indeed while President Trump has already provided markets, the media and policy-makers a lifetime’s worth of material to digest, many of the issues which have pre-occupied financial markets in the past twelve months have somewhat lost some of their bite. Only recently, following Chairperson Yellen’s testimonies to the Senate and Congress (on 14th and 15th February), has the Fed’s likely path of rate hikes re-focussed financial markets’ attention.

Read the full article on my website: March Madness