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Would a Trump win really be bad for the S&P 500?

The consensus is that a victory for Donald Trump in next Tuesday’s presidential election would deal a lasting blow to the US stock market. Our sense, though, is that the performance of the S&P 500 would be a bit like that of the FTSE 100 in the wake of the UK’s vote for Brexit – after a lurch to the downside, a weaker currency and a lack of radical policy changes in practice would fuel a recovery.

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