This Macro Voices episode features an interview with Rabobank's Chief Market Strategist, Michael Every, discussing the market implications of President Trump's second term. The interview begins with Every emphasizing the expected market volatility under Trump, citing early examples of policy shifts. The discussion then delves into the concept of "economic statecraft," where economic tools are used to achieve geopolitical goals, illustrated by Trump's potential use of tariffs. Every analyzes Trump's strategies regarding China, Mexico, Canada, and Greenland, suggesting a focus on reshaping the global economic order to benefit the US. Finally, Every offers insights into potential market movements, predicting a rise in the US dollar and a potential reshaping of global trade relationships, urging listeners to consider a more nuanced, country-specific, and sector-specific investment approach.
