It remains to be seen whether the market’s bullishness can continue now that Donald Trump’s conviction looks set to usher in a period of divisiveness in US politics.
Remember that mood of giddy excitement only a fortnight ago when the US Dow Jones Industrial Average surged to a record high of 40,000?
Investors are likely to feel a touch bitter now that the Dow has since fallen 4.7 per cent, leaving it only slightly above its level at the start of the year.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
