(Aug 14): When The Edge Singapore put together a list of 10 stock picks in January, global equity markets were in euphoria after Donald Trump shocked the world by winning the US presidential election. Expectations were high that Trump would initiate major infrastructure spending, tax cuts and deregulation. But his election promises have yet to be realised.
Instead, Trump has made headlines for all the wrong reasons. And confidence that he will be able to deliver on any of his campaign promises is waning. Yet, equity markets — both in the US and around the world — have continued to rally, driven by improving economic growth.
The optimism has lifted many counters, but it has been particularly helpful for... (Click here to read the full story.)