Safe haven: ASX outperforms Wall Street amid Trump chaos

Safe haven: ASX outperforms Wall Street amid Trump chaos

Investors, driven from the US market by Trump’s unpredictability, have sought out the semi-insulated ASX.

Investors could face a decade of low sharemarket returns

With US President Donald Trump’s almost bipolar approach to domestic and foreign policy as America drifts to authoritarianism, investors in gold and bitcoin are demonstrating a belief that the US dollar and American exceptionalism are simultaneously being undermined. Advisers globally, however, have the majority of their clients vastly underweight these assets in portfolios that continue to be highly exposed to stocks, and in particular, the S&P…