Source: Bloomberg
Source: Bloomberg
Asia UnhedgedReal-time intel on what moves markets

It’s no longer an oil trade

S&P is starting to underperform, as the Trump growth trade loses steam

March 21, 2017 11:52 PM (UTC+8)

Banks, brokers, automakers, steel and airlines are leading the S&P down today with declines of 3% to 4%. Investors are backing off from the Trump growth trade. The White House will have to put some meat in the bun to persuade the market to re-up its growth bets.