Waverton's Palmer: Why US market could be taking one step further in bubble direction
Failed to repeal Obamacare
The Trump Trade saw the S&P 500 return almost 13% from his election to the beginning of March. The Trump Slump then saw the index 'collapse' more than 2% to 27 March.
That now seems to be no more than a momentary Trump Dump as the index has already regained half of that. The cause of the retreat was pinned on the failure of the new President to get his repeal-and-replace...
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