Phil Oakley's Weekly Roundup 

The stock market's initial reaction to the US election won't hide problems

The stock market's initial reaction to the US election won't hide problems

The prospect of a Biden presidency was assumed to scare investors as taxes on company profits and personal incomes were expected to rise. The buoyant stock market on Wednesday and Thursday this week reflected the view that although Biden may end up in the White House, the Republicans are still expected to control the Senate.

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