Markets were expected to crash on a Trump victory, instead markets around the world rallied on expectation of a one trillion dollar infrastructure spend. Investment adviser and blogger, Mish Shedlock of MishTalk.com discuss why it is that while construction sector shares understandably soared, defence sector shares also jumped — despite Trump’s foreign policy promising much fewer wars than Hillary Clinton had offered. Max and Mish also discuss Trumpflation, whether or not that much hoped for inflation will finally arrive.
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