Ed Smith, asset allocation strategist at Rathbones, has warned developed market indices, which have performed well since Donald Trump's US election win, are only experiencing a short-term rally before the negative aspects of his victory begin to hit home.
Since close of business on 8 November, just before the result was announced, the S&P 500 has risen by 2.8% in dollar terms, according to FE. The index also reached record highs alongside the Nasdaq,...
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