Macklow-Smith: Yield Curve Steepens in European Recovery

The video discusses the impact of Donald Trump's election on financial markets, particularly focusing on the potential changes in the financial sector. It examines the recent dynamics in European financial markets, including a significant rotation due to yield curve changes. The discussion also covers Trump's domestic focus and its implications for European companies, highlighting the weakening of the euro against the dollar and how European companies with American subsidiaries might be affected.

What has been a significant change in European financial markets since Trump's election?

• A shift towards technology stocks

• A rotation into financial and cyclical sectors

• A decline in consumer confidence

• An increase in government bonds

How has the euro's performance against the dollar changed recently?

• The euro has strengthened significantly

• The euro has fluctuated unpredictably

• The euro has weakened dramatically

• The euro has remained stable

What is one of Trump's priorities as president-elect?

• Increasing foreign aid

• Reducing military spending

• Promoting American businesses

• Strengthening ties with Europe

How might European companies avoid losing out due to Trump's policies?

• By diversifying their product lines

• By lobbying the US government

• By establishing American subsidiaries

• By increasing exports to Asia

What is a potential benefit for European companies with revenues in dollars?

• Reduced competition

• Higher import costs

• Increased profits

• Lower market share