Citi outlines the risks:
going to have roughly a $2T deficit this year the proposals could add approximately $600B to next year’s deficit, though tariff income might offset about $200B of that “Financing this deficit is going to require ongoing higher treasury issuance, which means high interest rates potentially valuation overhang” ... rising yields create competition for investment dollars as risk-free returns become increasingly attractive compared to stocksAnd also opportunity:
Concludes:
S&P 500 is currently trading around “a fair value range, about 23x trailing earnings” likely volatility ahead as new economic information throughout the summer months I processedInfo via CNBC interview
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S&P 500 up
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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