Major indices need to see sustained price action at record highs- IG Index

“It is worth taking a step back and look at what kind of leader Trump would be”, says Josh Mahony, Market Analyst at IG Index, while explaining the surprising risk-on reaction in the financial markets.

He adds further that, “Trump is certainly going to be a pro growth leader.”

Mahony sees FTSE 100 index and other major indices moving to record highs, however, the indices need to see a sustained price action there. “There is a difference between an individual stock hitting record highs and the index hitting record highs”, says Mahony.

Listen to this segment to know if the markets would cheer Trump’s “spend more to grow more” (fiscal stimulus) policies or react negatively to rising debt?

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