Invesco: Were cutting risk over Trump policy uncertainty

[brooklynite]

Source: CNBC

The lack of clarity over President-elect Donald Trump's policies has been so great that major fund manager Invesco is reducing its risk exposure, said Kevin Egan, a senior portfolio manager.

"We've really taken a lot of risk off the table because we are concerned about this uncertainty, this disconnect between stated policy, tweeted policy and the things that are coming out of all different directions," Egan told CNBC's "Squawk Box" on Tuesday.

...snip...

As an example, Egan pointed to the outlook for the pharmaceutical sector. He noted that after headlines around the Democratic Party demonizing the sector, the market should have been able to expect the sector to perform better under the Republicans and Trump.

But that expectation was short-circuited as Trump has criticized the sector, Egan noted.

Read more: http://www.cnbc.com/2017/01/16/invesco-were-cutting-risk-over-trump-policy-uncertainty.html

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We've considered this issue with respect to our own investments; the problem is, between Brexit and EU instability, there aren't other non-US investments that are any more reliable.

[bucolic_frolic]

1. Other than more pollution and tax cuts for people who don't need them

there is no coherency between Trump, House, Senate, GOP Platform

No one knows what to think. Stalemate would be a good idea for 4 years.

GOP were Obstructionists, now they are Do-Nothings

[Jeroen]

2. How many cycles do these people need to figure it out?

Democrats are good for business and stability. Jeez, it boggles the mind.
Fuckers.

[xor]

3. tweeted policy should not be a term that is ever used with respect to a country