Updated Sunday, May 3, 2015 as of 8:53 AM ET

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Large Investment Firms See U.S. Escaping Fiscal Cliff

John Detrixhe

The world’s biggest investors say the rout that erased $1 trillion from the value of global equities after President Barack Obama was re-elected overlooks the fact that the world economy is improving while U.S. leaders start discussions that may avoid the so-called fiscal cliff.

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