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Trump’s spending pledges will disappoint, say investors

Hugo Cox
Investment heads at APG, Credit Suisse and DBS voice doubts about the sustainability of the US stock rally, with American equities now widely viewed as overvalued.
Trump’s spending pledges will disappoint, say investors

Investors are increasingly doubtful that US president Donald Trump will make good on certain spending promises, fuelling expectations that the country’s stock market is set for a fall.

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