Swedes show how smart money can outpace Trump era

Stockholm

RECENT history suggests it doesn't pay to expect the worst every time a political shock hits markets.

Michael Livijn, who as Sweden's Nordea Bank AB's chief investment strategist makes recommendations that guide about US$100 billion, says don't expect a bloodbath if elections in Europe this year unleash a populist wave like the one that propelled Donald Trump into the White House. That's because crisis fatigue has led to increasingly rapid market corrections.