Insights

Trade conflicts are likely to prove a defining feature of the next Trump presidency

Even after the Fed's first rate cut, the momentum of cash inflows remains high

As Europe and China are not really getting into their stride, it is once again up to the U.S. and above all its consumers to keep the rally going. In our core scenario, we believe they can do that.

All forecasts at a glance

In Theme #9 we look at the increasing cluster risks following Trump's election victory