Since Trump’s dramatic US presidential election win on November 8, both the S&P 500 and Dow Jones have surged, fuelled by expectations the next administration will win congressional approval for a hefty fiscal stimulus package consisting of tax cuts and infrastructure spending. European and Japanese shares have also enjoyed strong gains. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The repositioning of investor portfolios has been dubbed the ‘great rotation’, with money gushing out of bonds and flowing into stocks. But will it last?

Since the upset victory of Donald Trump on November 8, the S&P 500 has risen a further 5.5pc while the Dow Jones has surged more than 8pc. But are ‘Trumponomic’ policies sustainable?

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Since Trump’s dramatic US presidential election win on November 8, both the S&P 500 and Dow Jones have surged, fuelled by expectations the next administration will win congressional approval for a hefty fiscal stimulus package consisting of tax cuts and infrastructure spending. European and Japanese shares have also enjoyed strong gains. Photo: AFP
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