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Investors bet on Trumponomics

Markets are hoping Trump's promises of tax cuts, fewer regulations and a spendthrift government can recharge the US economy.
Wednesday, November 23, 2016 - 05:50

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As optimism spreads about Mr Trump's economic agenda, investors are pulling out of their bond funds and buying stocks that benefit when the economy turns around, such as commercial banks.

TWO weeks after Donald Trump swept to victory, investors from around the world are betting that his promises of tax cuts, fewer regulations and a spendthrift federal government can recharge the American economy.

This burst of exuberance sent the major markets to record highs on Monday, as

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