Japanese investor champion away a speedy end rally Trump
(Bloomberg) - Tsukasa Shimoda, whose UMJ Galleyla Fund last year, ahead of all the other focused on Japan hedge funds, warns that the rally Donald Trump will soon be completed, because the protectionist policy of the president of the United States begins to exert pressure on the global economy.
"Perhaps because of his state of the US economy and improve - Shimoda said fund which with assets of $ 42 million showed a yield of 19 percent last year. - But the troubles that he had done, a negative impact on the global economy".
Hedge fund managers differ in their predictions about whether Trump pursue a positive economic growth and equity policies and to focus on protectionist measures that undermine the international trade. The founder of the world's largest hedge fund Rey Dalio, who in November, is optimistic about the possibility of Trump to stimulate the economy, now more afraid that the devastating effects of populist policies negate the effect of reforms favorable to business. Billionaire Dzhordzh Soros, particularly harsh criticism Trump, last month called him a swindler and warned that the rally shares will stall.
During the first week in the White House Trump signed a decree on the US withdrawal from the Trans-Pacific Partnership and banned from entering the country for citizens of seven countries with a predominantly Muslim population. Isolationist approach can not be constructive in the long run, said Shimoda, expecting the rally will continue for another two or three months, and then the market will turn around.
Shimoda, whose investment horizon is six months while building up positions in the stocks, but watch out for the moving average Russell 2000 index, to know when the market will change direction.
"Due Trump volatility will increase, - he says. - Do we have the collapse of the US stock Waits or strengthening of the yen, but the market has entered a phase of correction".
Abridged translation of the article:
Top Japan Hedge Fund Says Protectionism to Halt Trump Rally (1)
The contact details of the editors responsible for translation: Polina Vorobeva pvorobieva1@bloomberg.net, Mark Sweetman msweetman@bloomberg.net, contact details of the authors of the article in English: Ketlin Chu in Tokyo kchu2@bloomberg.net, Komaki Ito in Tokyo kito @ bloomberg. net, contact details of the article editor in English: Sri Vidya Bhaktavatsalam sbhaktavatsa@bloomberg.net.
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