BUSINESS

Sustaining the Trump Rally

Business, Mohamed A El-Erian, Published on 07/12/2016

» Donald Trump's victory in the US presidential election surprised most of the world. But the president-elect is not finished defying expectations. Contrary to the predictions of many experts, stock markets have rallied strongly since his victory, with the three major US indices reaching record highs while the dollar has soared. Explaining these unexpected responses could provide a glimpse of what the next few months have in store for markets.