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Trump trade to reverse by mid-year: HSBC strategist

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Mr Herald van der Linde says that as expectations of Trump-led growth fade, people will shift from equities back to bonds. Long-term bond yields can thus come down, with prices going up.

Singapore

THE wave of euphoria over the US-led economic growth that has lifted financial markets, dubbed the "Trump trade", is due to crash against reality by the middle of the year, HSBC's head of Asia-Pacific equity strategy Herald van der Linde has predicted.

He also expects

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