Also downgraded US growth for 2017 and 2018
It is clear to many market participants that focusing attention solely on traditional company-specific data such as standard ratios and financial outputs is no longer adequate.
Trump became President, tech stocks soared
Opportunities in US banks
Bullish on Trump's pro-growth agenda
Despite scepticism about some of US President Trump's high-profile plans, there remain some areas of growth and opportunity, says Jim Wright, manager of the Miton Global Infrastructure Income fund.