US stocks and other risky assets rallied on Wednesday after Donald Trump’s decisive election victory, but bond investors highlighted why euphoria could be shortlived if the president-elect’s campaign policies drive up inflation. “Sugar rush is a good term for what we’ve experienced,” said Tina Fordham, founder of advisory firm Fordham Global Foresight, which advises investors and corporate executives on political issues.
“A decisive win was a surprise given the polling, but I think there will be at least some modest reversal . . . as we hear more and more from the president-elect.” Although equity investors on Wednesday were mainly focused on the positive side of the equation, there were already some pockets of activity pointing towards longer-term worries. The worst-performing sector in the S&P 500 was real estate, a sector where returns are highly correlated with interest rates.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheRegister - 🏆 67. / 61 Read more »