Week Ending 11/07/2025 - Trump raises the tariff temperature but risk assets continue to dance

This week, Gareth and Jeremy discuss how an emboldened Trump has raised the tariff temperature while also considering the potential for a version of the future to be one of US economic growth. But whatever the path forward, Paul Tudor Jones' mantra, that all roads lead to inflation, seems increasingly appropriate.

Risk assets continue their march higher with Nvidia and Bitcoin reaching new all-time highs. Nvidia is the first company to be valued at over $4 trillion.

In the UK, Gareth talks about housebuilder Springfield and merchanting business Lords Trading as prime examples of UK small-cap companies executing well on sensible capital allocation policies.

Looking ahead, it is mainly about inflation with data releases in the US, the UK and Japan.

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