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ARTICLE · 28 NOVEMBER 2016

Trumpenomics, Tailwinds And Headwinds

Deloitte
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Before the US election many commentators thought a victory for Donald Trump would be a Brexit-like moment, fuelling uncertainty and hitting equities, business confidence and growth.

United KingdomStrategy
Ian Stewart
Ian Stewart
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Before the US election many commentators thought a victory for Donald Trump would be a Brexit-like moment, fuelling uncertainty and hitting equities, business confidence and growth.

So far those predictions have proved wide of the mark. The S&P500 equity index has risen 2.0% since 8th November and the dollar is up 3.4%. The mood among US Chief Financial Officers I spoke to at a Deloitte conference in Washington last week was generally pretty positive. I found no signs of the sort of sharp decline in confidence we saw among UK CFOs in the wake of the Brexit vote.

How could the surprise election of a political outsider with such radical and changeable views have ignited such optimism?

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