Informa chief macro strategist David Ader says the unknowns of Trump’s budget-busting tax plan and muddled economic picture mean little conviction in the bond market.
With Trump’s tax proposal kicking the U.S. reflation story back into gear, industry and financial sector funds took in fresh money this past week. Gold funds posted their biggest weekly outflow since the beginning of the year.
Post French presidential election, weekly flows into European equities hit their highest level since 2015.
