So here we are. Donald J. Trump is President of the United States. What seemed like the least probable scenario for financial markets during the most intense phase of campaigning last year—judging by their clear signals of aversion—has actually transpired.
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A child goes to bed on Christmas Eve certain that they have been put on the ‘good’ list and Santa will come and deliver gifts to open the next morning, so too does the market believe that the they have been ‘good’ enough for Janet Yellen to deliver the much-expected rate hike on Wednesday 14th December.