How to play the Trump stock market rally

IN the four weeks since Donald Trump was elected president, many stocks have soared and the market's winners have been clustered around a specific theme: an inflating economy.

Investors have concluded that at least in the short run, many of Mr Trump's policies, including increased spending on infrastructure projects, could lead to faster economic growth than was expected.

"If you have big tax cuts and more infrastructure and defence spending, that adds to demand, which is likely to spell inflation," said David Kelly, chief global strategist for JP Morgan Funds.