“It is still too early to give this rally the last rites.”

Finweek English Edition - - THE WEEK -

− Chris Beauchamp, chief mar­ket an­a­lyst at IG, com­ments to ft.com af­ter the S&P 500 de­clined by 1.2% on 21 March, its first slide of more than 1% since Oc­to­ber. Some com­men­ta­tors blamed the sell-off on con­cerns that US Pres­i­dent Don­ald Trump’s pro-growth poli­cies, which in­clude cut­ting cor­po­rate taxes and boost­ing in­fras­truc­ture spend­ing, may take longer than ex­pected to come to fruition, it re­ported. Un­cer­tainty over the fu­ture tra­jec­tory of US in­ter­est rates was also cited as a con­cern, it said.

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