Published
22nd July 2024
Categories
Perspective News, The Cambridge Weekly
Share
The Cambridge Weekly – 22nd July 2024
Shock, rotation, growth?
Last week was an astounding week. Capital markets took the attempted assassination of Donald Trump as practical confirmation of his victory in the upcoming presidential election. Equities moved to price in his expected agenda of tax cuts and deregulation, expectations he bolstered with his speech at the Republican National Convention. Stocks of small and mid-cap US companies particularly benefitted – a continuation of the rotation that started the previous week.
