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IS TRUMP PRO-LABOUR?

His policies seem to be, but market action is implying pro-capital

Since the election, GLD/TLT is down, although still in a strong uptrend.

And the S&P 500 is at new all time highs - breaking through the 6000 barrier

I would have potentially thought a Trump win would power gold higher than S&P 500, but with gold weakness and S&P 500 strength we are back close to cycle lows.

Why is this?

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