US Stocks: Should Investors Be Optimistic?

The S&P 500 has risen 6% since Donald Trump was elected the next President of the United States of America, but Lazard's Ron Temple is wary of predicting further gains

Emma Wall 4 January, 2017 | 3:28PM

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“Part of me wants to get as enthusiastic as the market suggests about a Trump presidency,” says Ron Temple, head of US Equities for Lazard Asset Management. “But I’m having a hard time.”

The election of Donald Trump is arguably the biggest political upset in modern history; the first US president never to have held office or a position in the military, a reality television star who rode a wave of controversy all the way to the White House. Yet to look at the S&P 500 you would think Hillary Clinton, two-term First Lady and former US Secretary of State had won the election. The news of Trump’s success caused a minor blip in markets, before US stocks climbed even higher – continuing their near eight-year rally.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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