Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Head of Macroeconomic Research
Summary: At face value, the latest UK services PMI print suggests a new level of confidence in British industry. But don't be fooled – Brexit anxiety still weighs heavily on the economy and credit growth is shockingly bad for a developed country.