European Fund Manager Says Bonds May Rebound

The largest money manager in Europe believes that investors who have driven U.S. stock markets to record highs in anticipation of fiscal stimulus from the Trump administration “may be in for a surprise,” says a recent Bloomberg article. Didier Borowski, head of macroeconomics for Paris-based Amundi SA, argues that even if Trump delivers on his fiscal stimulus promises, results won’t surface before next year. “Following the vote for Trump,” he says, “markets have reacted as… Read More