Investors should keep an eye on US political turmoil
TO many observers, Wall Street's record-breaking performance over the past year has defied conventional logic. Valuations are said to be stretched and, arguably, not justified by an unexciting economic outlook, and now that the US Federal Reserve has signalled that it is slowly transitioning from loose to tighter monetary policy, stock prices have no right to linger at current elevated levels.
Perhaps most important of all, the chaotic political gridlock and constant upheaval in the US's corridors of power witnessed this year are said to strongly suggest that the incumbent administration wi…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do