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Donald Trump will amplify American exceptionalism and divergence from Europe

On most dimensions, the policy mix of incoming president is positive for US equities

The author is chair of Marshall Wace, a multi-strategy investment manager

The US equity market has greeted the US election result with a celebratory run. I share the optimism. On almost every dimension, the policy mix is positive for US equities — deregulation, tax cuts, lower energy costs. What is not to like? It is also being implemented against a background of falling interest rates.

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