World Economy: Capital Markets and Investment Strategy

world economy: We doubt that capital markets would collapse if President Trump's administration was endangered, either electorally or indeed legally, William Hobbs, head of investment strategy at Barclays Investment Solutions in London, said in a blog post, according to The Toronto Star. The forward momentum of the world economy, and therefore its capital markets, has little to do with the actions of the White House, past, present or future, in our opinion. Barclays Plc disagrees. Donald Trump had one of the worst days of his presidency last month when his personal lawyer, Michael Cohen, implicated him in a crime, almost at the same time his former campaign chairman, Paul Manafort, was convicted on eight counts of fraud. NICHOLAS KAMM / AFP/GETTY IMAGES Back in February, Barclays pointed out that the Trump rally in U.S. equities primarily has its roots in the period before the 2016 presidential election, and is based on economic factors, such as oil's recovery and looser policy in China. Despite this, the S&P 500 Index reached a fresh record high a week later. (news.financializer.com). As reported in the news.