An election result that leaves the struggling US economy as the biggest loser

Photograph: AFP via Getty

I

nvestors, they say, hate uncertainty. If so, they will have detested US election night.

Entrenched market narratives of a Democrat “blue wave” breaking over the White House and Congress and unlocking trillions of dollars of stimulus spending were rapidly upended once the counting of the votes began and Donald Trump started chalking up majorities in key swing states such as Florida and Ohio.