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1.Market Observations, 8.Was Sticky

21 Nov 2016 (AFR) – Can the Donald Trump-inspired early ‘Santa rally’ last?

(21 November 2016, AFR, p28, by Karen Maley)

‘Donald Trump has to wait until January to be inaugurated as the 45th President of the United States, but investors have clearly decided to celebrate his surprise electoral victory by bringing forward the “Santa rally” – the traditional year-end surge in share markets. The festive mood has been bolstered by hopes that Trump’s promises to slash taxes, ramp up military and infrastructure spending will bolster domestic demand, which will translate into stronger corporate profits.  Swept up in this post-election euphoria, investors have rushed to pour more than $US40 billion ($55 billion) into US equity funds.’

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