For decades, the US has been unrivalled in all three domains of power: economic strength, technological prowess and defence capabilities. However, with the ascendance of China, the world has entered a bipolar era.
The America First agenda places less emphasis on comparative advantage and market efficiency, instead prioritising supply chain resilience, national security and industrial policy (including tariffs). This applies to manufacturing, semiconductors, energy, healthcare and the defence industry. And just as President Biden reversed few of the economic policies implemented during Trump’s first term, Epoch expects season two’s agenda to remain largely intact regardless of who next sits in the Oval Office.
Click here to read the article and complete the CPD quiz for 0.5 CPD in General.
News & Insights
CPD | Climate – the $50 trillion investment opportunity
For advisers and their clients, few themes rival the scale, urgency and long-term significance of
Ethics CPD | Ethics and inappropriate advice
For the seventh consecutive year, GSFM is proud to be the sponsor of the Ethics
Ethics CPD | Ethics and the advice practice
For the seventh year, GSFM is the proud sponsor of the Ethics Series to provide
CPD | Trend following investments – patience is a virtue
Trend following strategies have several properties desirable to investors, particularly during periods of market volatility.