Markets in 'rational exuberance' but risks lie ahead

Investors should watch for "geopolitical developments and technology's sphere of disruption and behaviour modification in areas such as finance, healthcare, retail and transport"

Published Sun, Dec 17, 2017 · 09:50 PM

Wall Street

US stocks rose last week to record highs and the gains should continue this week as traders bet massive tax cuts will stimulate more economic activity.

Most years end with a "Santa Claus" rally, but this year, Santa has more goodies than usual to put into investors' stockings.

The US Senate and House of Representatives reportedly agreed on a compromise tax reform bill, with Florida Senator Marco Rubio among the last holdouts to sign on after his demand that poor families receive more favourable tax treatment for having children was met.

Among other things, the wide-ranging bill …

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