Barclays Says 'Trump Put' Is Losing Its Soothing Effect as Policy Shifts Increase Uncertainty
Barclays told clients that the market support tied to President Trump’s de-escalation signals - the so-called 'Trump put' - is being eroded by recurring policy reversals and headline fatigue. The bank cautioned that continued conflict and higher oil prices would raise stagflation risks and has cut its global growth and inflation outlooks for 2026.