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Mike Mackenzie’s daily analysis of what’s moving global markets
Wall Street rallies after election meets market expectations
There is no alternative even if the US government grows tired of the downsides
Sell-off in EM currencies ripples through to debt sector
European currencies and gold benefit from fall in dollar
Rally is mostly linked to weakness in rival currencies
US growth could stop outperforming, for example.
One consequence of the America First policies will be to create a bipolar financial world