July 31, 2017
| Duy Nguyen, Jacob Borbidge, Michelle Shwarzman, Greg Chen
The Invesco Global Solutions Development and Implementation team believes investors can achieve better long-term outcomes through high-conviction, multi-asset portfolios that combine different investment vehicles.
The US business cycle expansion is still intact, owing much more to underlying fundamentals such as private sector deleveraging, the recovery of the banks, improved consumer finances, low inflation, and continuing low interest rates than any impact from the ascension of Mr. Trump to the presidency.
While the Department of Labor’s (DOL) fiduciary rule (aka the "conflict of interest" rule) went into partial effect on June 9, there is some uncertainty as to how much of the rest of the rule will survive.
The Trump “reflation trade” is being undermined by the failure of the new administration to implement planned legislation, specifically the Affordable Care Act (the ACA, also known as Obamacare), corporate and personal tax cuts and the border adjustment tax.