Why President Trump will be a different animal to the one we have seen on the stump so far

As Donald Trump prepares to enter the White House, normally serious and intelligent people seem to have lost a sense of perspective, writes David Coombs, head of multi-asset investments at Rathbones.

President-Elect Trump is not the first person to hold office in the West with non-centrist and uncomfortable views. Those of us old enough to recall the mid-to-late 20th century will remember when centrist liberal politics were the domain of minor parties. And while many political commentators are wringing their hands about the result, markets have reacted with almost unrestrained joy. Cyclicals have jumped as investors price in greater growth and inflation stemming from Trump's planned tax cuts and infrastructure spending. Trump is not even president yet, but the copper price has soa...