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Deutsche Bank strategist David Bianco told investors the market will rally into year-end after any post-election sell-off due to the likelihood of a pro-growth Republican agenda.
"We think the message of this election is that America demands stronger economic growth. ... A Republican Congress and president is likely to reduce regulation, cut corporate taxes just enough to be globally competitive and bring cash offshore home," Bianco wrote in a note to clients Wednesday.
"The stock market should be fine. ... We think the stock market sell-off will be short-lived. We think this apparent Republican sweep is positive for the broad market and especially health-care stocks."
