SMN - Chart, page-213

0400 GMT [Dow Jones] Richard Grace, the global head of currency strategy at the Commonwealth Bank of Australia, says the gloom in global equity markets is set to snap back in a big way. A Trump win in the U.S. election, coupled with likely Republican control of Congress, means the pledge to sharply lower corporate taxes in the U.S. is suddenly a real thing. It would be hyper-bullish for U.S. equities, Grace adds. This is a buying opportunity as capital is set to flow back into the U.S. Foreign money will aggressively chase the dividends set to flow from U.S. corporates, he says. Grace appreciates that markets don't like the current uncertainty, but in no way is he downbeat, saying global equity investors will eventually see the huge buying opportunity that looks set to emerge.