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DBS: Cooling on US equities

DBS has downgraded its US equities from overweight to neutral, even with U.S. stock market riding strong since Trump’s election victory. “The Trump administration will boost fiscal spending substantially, but the recent result is ambiguous,” said Frank Lee, acting chief investment officer (North Asia), chief investment office (North Asia), wealth management, DBS Bank. “A sudden hawkish tilt in the stance…

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