Is the US market due for another rally?
Author: Livewire Markets
Paul Moore, Chief Investment Officer at PM Capital has enjoyed a stellar run investing in cyclical stocks that surged ahead since Trump's election victory. In the video below, he explains the drivers of the reflation trade, and whether the market has room left to run.
“If Trump’s tax decreases go through, banks' earnings will increase and their PE multiple will be about ten times – so they’re cheap again… If those tax cuts go through, I think we’re going to have another leg up.”
