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1.Market Observations, 8.Was Sticky

8 Apr 2017 (AFR) – BlackRock’s Fink warns on Trump trade

(8 April 2017, AFR, p27, by John Kehoe)

‘As President Donald Trump’s pro-business agenda gets bogged down in Washington political battles and the harsh reality of governing sets in, the head of the world’s largest asset manager, BlackRock’s Larry Fink, has cautioned that the US stock market appears overvalued. Mr Fink, a supporter of Democrat Hillary Clinton, blames the combination of delays to US corporate tax reform and weakness in first quarter GDP partly due to Trump’s immigration restrictions curtailing foreigners attending American hotels and universities.’

Read more at (might need AFR login access, or try:


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