Donald Trump's election success has resulted in remarkable and substantial sector rotations within the UK equity market, writes Cornelian's Hector Kilpatrick.
Although investors were fearful of a Trump win, his acceptance speech was reassuring where the only thing he committed to do was to kickstart US economic growth in part via a substantial infrastructure investment programme. This has caught investors' imaginations and resulted in a substantial move up in economically sensitive stocks and share price falls in bond proxies (or expensive defensives). At the same time, the US dollar has strengthened. What is fascinating about these moves is they suggest investors are embracing infrastructure stimulus as the next legitimate policy to aid ec...
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