Jim Levi

A strong dollar and escalating trade war risks derailing US economy

The strength of the dollar coupled with presi­dent Donald Trump’s sabre-rattling soap opera on trade war has put our panel of asset allocators more on the defensive. The global growth num­bers remain too strong to persuade any of them to call an end to the long bull market in equities. But cash levels in their portfolios are rising, and the average score for global bonds (mostly US Treasury bonds) has edged higher.