One Less Haven for Investors as Trump Damages Denmark’s Appeal
- Market reaction after Trump breaks pattern of previous shocks
- Development raises questions about negative rate outlook
Should Investors Buy the Trump Rally?
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When Europe sank into a debt crisis, cash flowed into Denmark. When Switzerland abandoned its peg, cash flowed into Denmark. And when Britain voted to leave the European Union, cash flowed into Denmark.
But with a stock market heavily weighted toward trade, Denmark lost its allure in Donald Trump’s world.