Deglobalization didn’t end with the Trump presidency, it’s here to stay

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Open this photo in gallery: Republican presidential candidate and former president Donald Trump speaks at a campaign rally on May 1 in Waukesha, Wis.Morry Gash/The Associated Press The world experienced a prolonged period of economic globalization from 1981 to the beginning of 2017. This period effectively ended when Donald Trump became president and began implementing an “America First” trade policy. No matter who wins the White House this November, this deglobalization trend will accelerate. And this will have a profound impact on the investment returns of various asset classes for at least a generation. Simply put, it will be the...