The rally for U.S. stocks since the election of Donald Trump is only just beginning, according to Deutsche Bank AG’s chief global strategist Binky Chadha.
While many investors are attributing the $2 trillion of gains in stocks since early November to expectations for stimulus and policy changes, Chadha believes that the rally is simply a reflection of the removal of uncertainty around the vote. In a note Thursday,
Chadha wrote that equities aren’t expensive on an absolute basis and will extend recent gains as earnings and the economy improve.
Source: Bloomberg
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