A divided house that stands stronger?
Interesting article from JPMorgan as to why Trump's divided congress may actually boost the USD into year end.
They argue the following:
- Admin policies were pro-business last year
- This year they have been anti-business: Trade wars, protectionism and subsidies
- As Trump can't count on Fed for more easing he will need to keep the economy rolling by turning the trade war into a winning deal.
See the full article here. I like the logic. A clipped Trump making the US eagle soar.
