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Bad news is no longer good news?

Published Sun, Nov 13, 2016 · 09:50 PM

"BAD economic news is good news for stocks" has been an enduring mantra over the past eight years because it meant central banks would continue their expansive monetary policies, flooding markets with liquidity to keep interest rates low, risk asset prices high, and in so doing, stimulate their economies.

Substitute "political" for "economic" and we have a new mantra that emerged last week after US Republican Donald Trump unexpectedly was elected the country's 45th president. His election may have pushe…

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