While Donald Trump’s tariff, immigration, and tax proposals are currently billed as “run hot” policies, there is a pro-business and pro-supply-side bent to other areas of policy – which means 2025 will likely see a tug-of-war between these inflationary and disinflationary forces. We look at the implications for #multiasset portfolios in our 2025 Multi-Asset Outlook. https://lnkd.in/e6PAWUmr #investing #equities #fixedincome #gold
