Donald Trump elected President of the US (again) - implications for investors and Australia
The key points are:
The return of Donald Trump to the US presidency brings the prospect of more US tax cuts and deregulation, but also more tariff hikes and trade wars and policy uncertainty.
His win was not the surprise it was in 2016, and markets have moved to adjust – but it means higher US bond yields, a higher $US & a knee jerk rise in shares. Shares could be threatened though by the higher bond yields and tariffs.
Australia is vulnerable to an intensification of trade wars.
While the US election is important, investors should bear in mind that many other things influence investment markets