Good economic news is now good for stocks?

IT would be fair to say that Donald Trump is not a universally popular choice as the next US president - today, more than a month after he won the election, there is pressure on the 538 electoral voters to not endorse him when they cast on Dec 19 what is supposed to be a routine vote to usher him in as the successor to Barack Obama.

Yet whatever his failings, there is a chance that his impending ascension to the highest office in the land has had one useful outcome - a return to normalcy on the interest rate front, and if this is indeed the case, a return to good news being good for stocks.

For a good part of the past eight years, investing has been based on bad economic news being good for stocks because this meant that central banks would continue their monetary support (or printing, if you prefer).