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US President Trump’s flood of decrees and erratic decisions on customs policy are throwing people and markets into turmoil. There is no trace of reliability. This calls for a strategic reassessment of investment policy.
The trade conflict instigated by Donald Trump has led to sharp falls on the international stock markets – including in Switzerland. This development has meant that most of the stock market gains of the last 12 months have been lost again.
Since the beginning of the year, market breadth has increased noticeably both regionally and at index level – a sign of broader participation in the upswing. The dominance of the large US technology companies thus appears to have been broken.