New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE
New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Wall Street has had enough of Trump but Biden must tread carefully

  • Investors are hoping Biden will act swiftly to end the pandemic and revive America’s economy. Yet, the fact that they expected and even favoured a Trump victory at one point should give pause to Democrats

New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE
New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.