The U.S. stock market rebounded the day after the U.S. presidential election — a quick reversal that erased an overnight 800-point plunge in the Dow futures as investors were initially spooked by a surprise Donald Trump win. “The risk markets hate uncertainty,” said Wharton finance professor Jeremy Siegel. But then investors took the broader perspective that Republicans are vastly more capital friendly than Democrats and changed course. He noted that Wall Street also has learned lessons from Brexit — in which the markets recovered after the initial shock of the vote to exit. It taught investors not to overreact to the surprise election news, he says. According to Siegel, if the financial markets continue to be calm over the next few weeks, the Fed will likely be on track for a December rate hike. But he saw higher long-term interest rates arriving as Trump talks about big infrastructure spending and tax cuts that could fuel huge deficits.…