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Ignore Trump’s hot air on tariffs – a morbid Europe will outperform exceptional America

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Where are world stocks heading in 2025? From Canary Wharf to Wall Street, analysts spew year-end FTSE and S&P 500 price targets with long explanatory screeds. For 53 years I’ve watched this annual ritual, which always results in a consensus that is utterly marvellous at showing what won’t happen. It is also why my forecast will shock you. World mar…

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