Markets lose faith in the 'Trump put' and start to fear a recession

11 Mar, 2025 | Capital Brief
Markets lose faith in the 'Trump put' and start to fear a recession

Australian-based global equities firm Minotaur Capital is closely monitoring significant market volatility as investors lose faith in the so-called "Trump put" and recession fears mount. According to Capital Brief, US markets have experienced substantial declines, with the Nasdaq falling 13% amid concerns about the world's largest economy heading toward recession.

The current market environment reflects our ongoing analysis of how policy shifts impact global investment strategies. Our co-founder, Thomas Rice, provided insight into the current situation, stating:

"When the Treasury Secretary openly acknowledges there will be 'some pain to reorient the economy,' investors naturally recalibrate risk premiums upward. While a complete U-turn seems unlikely in the near term, we anticipate selective policy adjustments if economic conditions deteriorate substantially," he said.

As Australian fund managers investing in global markets, we understand that this volatility presents both challenges and opportunities. The shift from growth to value stocks and the rotation toward defensive sectors like healthcare and utilities aligns with our approach of adapting to changing market conditions.

With major institutions like JP Morgan raising recession probabilities to 40% from 20% just six weeks ago, we continue to focus on positions that account for these macroeconomic headwinds while identifying opportunities in the evolving market landscape.

To read the article, click the link below.

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