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The high-risk, high-reward Trump market

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Aspects of the Trump platform are balm for the markets. He promises lower corporate taxes and less regulation

Aspects of the Trump platform are balm for the markets. He promises lower corporate taxes and less regulation

PHOTO: REUTERS

Jeff Sommer

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Markets abhor uncertainty. That bit of Wall Street wisdom helps explain their ebb and flow since Donald Trump’s victory on Election Day, and even earlier.

Stocks and bond yields began rising early in October, when Wall Street concluded that Trump would win. The market surge accelerated after he did.

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