Opportunity for stock pickers as cash flows into US markets

New York

DONALD Trump's election has caused the biggest dispersion among US equities in almost eight years. Professional stock pickers couldn't be happier.

Lockstep moves on the equity markets have been torn asunder while investors pour in cash as they dissect the potential implications from Trump policies. The Dow Jones Industrial Average and Russell 2000 Index have roared to records since his election, while technology-heavy indexes have slumped. In the S&P 500, the financial group's 10 per cent surge outpaced the worst-performing group - utilities - by almost 17 percentage points, a degree of divergence last seen in April 2009.