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Deutsche Bank WM: Trump speech more style than substance

Despite the S&P 500’s resilient post-speech surge, Deutsche Bank Wealth Management believes an absence of policy details from the US administration could soon irk investors and maintains a “cautious” stance on US and global equity prices and valuations. “In his speech, President Trump swapped his abrasive, theatrical and despairing tone for a more upbeat, yet conciliatory tone, in an attempt to…

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