Markets 'complacent' about the risks of a Trump win, strategist says
Markets are "fairly complacent" about the risks of a second Donald Trump presidency, which could trigger a "tantrum" in long-duration bond markets, according to Guillermo Felices, principal and global investment strategist at PGIM. Wall Street has enjoyed a remarkable rally since November last year, culminating in both the Dow Jones Industrial Average and the S&P 500 hitting record highs on Monday. Much of the market focus remains on short-term economic data and on what it means for the Federal Reserve's potential interest rate cutting path this year. Bullishness in risk assets is driven largely by the cons
