How do You Price Trump Into Markets?

The video discusses the appointment of Mick Mulvaney as the director of the Office of Management and Budget and its implications on fiscal policies, including tax cuts and deficit management. It explores market volatility and sentiment under the Trump administration, focusing on deregulation and fiscal stimulus. The video also covers investment strategies considering growth and inflation outlooks, emphasizing a pro-growth bias. Finally, it analyzes emerging markets, highlighting risks related to protectionism and the strengthening U.S. dollar.

Who was appointed as the director of the Office of Management and Budget by Trump?

• Janet Yellen

• Jonathan Byner

• John Allison

• Mick Mulvaney

What is a key focus of the Trump administration that could impact growth and inflation?

• Deregulation

• Increased tariffs

• Higher interest rates

• Stronger labor unions

What is the expected impact of the Trump administration on interest rates according to the discussion?

• Interest rates will significantly decrease

• Interest rates will remain stable

• Interest rates will increase dramatically

• Interest rates will not decrease significantly

Which asset class is expected to benefit from a pro-growth bias in portfolios?

• Bonds

• Real estate

• Equities

• Commodities

What is a potential risk for emerging markets discussed in the video?

• Rising unemployment

• Technological advancements

• Protectionism

• Decreasing oil prices

Which country's assets are considered to have a risk premium due to Trump's rhetoric?

• Mexico

• China

• Brazil

• India

What has changed in emerging markets that could make them perform better now?

• Increased foreign investments

• Reduced current account deficits

• Higher inflation rates

• Stronger local currencies