zerohedge.com / by Tyler Durden / Nov 12, 2016 12:01 PM
James Bianco, president of Bianco Research, cautions about big bets on the return of inflation after Donald Trump’s surprising win and sees the long term bull market at risk.
Things rarely turn out the way you expect: The blowout victory of Donald Trump not only took the world by surprise, but also the stock market is welcoming the president-elect with unexpected cheers. The Dow Jones climbed to a record high and the Dollar rallied. Wall Street is betting that Mr. Trump will tack to the political middle and get the US economy humming. «We will see if that’s what they get», says Jim Bianco. The influential market strategist from Chicago who is highly regarded among institutional investors cautions that Mr. Trump is no regular politician and that risks with respect to global trade remain high.
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