A few months ago everyone on Wall Street was discussing the “Trump trade”. The consensus was that Donald Trump’s presidency would boost the outperformance of American stocks, raise Treasury yields and strengthen the dollar. So far this year, all three bets are deep in the red. American stock prices have plunged, while those listed elsewhere have held up far better. Treasury yields have fallen, with investors worried about faltering growth. Both trends accelerated after Mr Trump, on April 2nd, slapped swingeing new tariffs on virtually all of America’s trading partners.
Source: Finance - economist.com
