Market was choppy all day but finished well in the positive territory to deliver the best week since mid-July. Get used to higher volatility…..it is going to be with us for the rest of 2016. Markets have priced in the optimism from the new US leadership while uncertainty still looms over large part of the policy outlook. The markets will react as more meat goes on the bone as far as policy details are concerned and that may drag on for the next 6mths. History shows that the potential aggregate move by the new US leadership has the potential to drive growth in both positive and negative directions. The policy outlook in number of areas like geopolitics and trade are easy for slogans but much harder to deliver any change. For the full report… (VIEW LINK)
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