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The Trump trade looks dead
|04/21/2017||Posted by BusinessMediaguide.Com under General World News||
For real-time odds on the stock market’s faith in President Donald Trump, look no further than recent weakness in industries most closely tied to his proposed policies — banks, builders, and retailers.
We’re nearly 100 days into Trump’s presidency, and the campaign promises of lower taxes, infrastructure spending, and tighter restrictions on trade have yet to materialize.
Additionally, Trump’s first major legislative push — the American Health Care Act — failed to garner enough support among Republicans and was pulled from the House floor minutes before a vote.