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Bright outlook for risk assets in 2018

But a tax cut will further exacerbate US debt and deficit, and will eventually be a drag on economic growth, says JP Morgan Asset Management chief strategist

Jerome Powell, President Donald Trump's nominee to head the Federal Reserve, has signalled continuity in terms of how the Fed operates and guides the economy.

INVESTORS would do well to stay exposed to risk assets which are likely to fare well through 2018, says David Kelly, JP Morgan Asset Management's chief global strategist.

There are a few reasons for this. One is that the Trump administration's proposed tax bill, which cuts taxes for...