Description: The election of Republican Donald J. Trump has propelled America’s largest bank, JPMorgan Chase, to record highs as investors anticipate the end of a “lower for longer” economy in the U.S. of slow growth and rock bottom interest rates. But in Europe, the rise of populism by way of referendum votes such as the Sunday ouster of Italian Prime Minister Matteo Renzi will create even more trouble for the region’s largest banks.
Date: Dec 02, 2016
Questions for discussion:
- What is the assessment of the situation in Europe?
- How should investors respond?