Global equities have risen by 9.4% in GBP terms since the election of Donald Trump as the 45th president of the United States last November. Naturally, he couldn't resist reminding the world of this fact as he addressed Congress, writes Davy AM CIO Mark Seavers.
"The stock market has gained almost $3trn in value since the election on November 8th - a record," he crowed. At Davy Asset Management, we went in to 2017 looking for mid-to-high single digit returns from equities and negative returns from bonds for the year ahead. In the first two months of this year, the MSCI World Index had returned 4.7%. Can equity market maintain this level of performance? The answer to this question will depend to some extent on a process that the president has started. Trump arrived on Capitol Hill this week for a much-anticipated address a joint session o...
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