Tag: Fiscal Policy
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Supreme Court Strikes Down Trump’s IEEPA Tariffs in Landmark 6-3 Ruling
Khan Capital | February 2026 Key Takeaways On 20 February 2026, the United States Supreme Court delivered what may prove to be the most consequential economic ruling of the decade. In a 6-3 decision, the Court held that the International Emergency Economic Powers Act does not authorise the President to impose tariffs, invalidating the legal…
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Trump 2.0 Begins: Tariffs, Immigration, and Market Policy Shifts
Trump’s second term begins with the most pro-business and most disruptive economic policy agenda in modern history. How the contradictions between tax cuts, deregulation, tariffs, and immigration restriction will reshape the investment landscape.
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The Trump Trade 2.0: Sectors to Watch Under a New Administration
Trump’s decisive victory triggers the most significant post-election sector rotation in modern history. Which sectors win, which lose, and why the market is pricing the benefits before the costs.
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10-Year Treasury Hits 5%: Bond Vigilantes Return
The 10-year Treasury yield hits 5% for the first time since 2007 as fiscal deficits, retreating foreign buyers, and the return of the term premium produce the most severe bond bear market in a generation. Why 5% is both a threat and a generational opportunity.
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US Debt Ceiling Crisis: Markets Hold Their Breath
The US government approaches the X-date as debt ceiling negotiations go to the wire. Why the 78th crisis is both political theatre and a genuine reminder that the world’s reserve currency rests on a political foundation that periodically shakes.
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UK Mini-Budget Crisis: When Fiscal Policy Breaks the Bond Market
£45 billion in unfunded tax cuts triggers the most violent gilt market sell-off in modern history, a pension fund margin call cascade, emergency BoE intervention, and the fastest fall of a Prime Minister in British history. A masterclass in how fiscal policy can break a bond market.
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Tax Cuts and Jobs Act: What Trump’s Tax Reform Means for Markets
The most significant overhaul of the US tax code in three decades has just been signed into law, and the market’s reaction tells only half the story. The Tax Cuts and Jobs Act (TCJA), passed by Congress on 20 December 2017 and signed by President Trump two days later, slashes the corporate rate from 35%…