Macquarie: Buy 'Fortress America' in Trump's America

The video discusses the significant drop in North American stocks, highlighting the impact of Trump's isolationist policies on the market. David Doyle, an economist, provides insights into the US economic outlook, suggesting that despite policy uncertainties, the economy is likely to expand. He introduces the Fortress America basket of stocks, which are insulated from global trade risks. The video also explores Trump's protectionist stance, including potential tax reforms and trade negotiations, emphasizing the need for investors to focus on US-centric stocks.

What is the main reason for the recent drop in North American stocks?

• Strong economic growth

• Stable housing market

• High consumer spending

• Increased geopolitical risks

According to David Doyle, what is the likelihood of a recession in the U.S.?

• High

• Uncertain

• Moderate

• Low

What does David Doyle suggest about the U.S. economy's fundamentals?

• They are stagnant

• They are improving

• They are unpredictable

• They are weakening

What is the 'Fortress America' basket of stocks designed to do?

• Increase global trade exposure

• Insulate from global trade volatility

• Focus on international markets

• Reduce U.S. economic growth

What potential policy could broadly affect U.S. trade according to David Doyle?

• Reduction in corporate taxes

• Increased tariffs

• Expansion of NAFTA

• Border adjustment tax