Much has been made of bond markets’ pressure on Donald Trump this week, but don’t forget about equity markets. There, the tariff and growth uncertainty came as shares were already expensive, leaving ample room for debate about what comes next.
In an environment when the market could drop 5 per cent on any given day and throw off opportunities, investors have to go back to basics: how much should you pay for $1 of profit? Would such a day be a “buy everything” occasion like we saw on Thursday?
Loading…