What To Expect From Trump's Economic Policies

The macroeconomic policy mix, particularly if combined with protectionist trade and hawkish immigration policies, will lead to higher long-term yields on government debt. Provided protectionist policies do not prove too detrimental to economic confidence, an expansionary fiscal policy, higher interest rates and deregulation should provide a short-term boost to economic growth in the context of higher-than-anticipated inflation, which should benefit equities, broadly speaking. Moreover, deregulation, corporate tax cuts and a less hawkish antitrust policy should benefit selected sectors, such as banking and fossil fuels. ...