GettyFor 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 infrastructure spending, tighter restrictions on trade, and lower taxes 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. The defeat on healthcare has led investors to worry that Trump's dealmaking may not be enough to advance his policies through Congress. The market has not missed this lack of progress.
The Trump Trade Looks Dead
feedback@businessinsider.com (Business Insider), Business Insider
Sun, 04/23/2017 - 4:31am
Topics: 15% to 20%. president donald trump american health care act republicans congress massive ronald reagan ceos treasury secretary steven mnuchin august gary cohn bridgewater associates greg jensen atul narayan michael hartnett baml goldman sachs president's strategic policy forum white house stock industrials index treasury department dodd-frank act glass-steagall act looser jpmorgan ceo jamie dimon the s&p financials index federal reserve september world interest rate probability trump trump additionally america a us house bridgewater bank s&p business insider andy kiersz bloomberg february mnuchin cohn march in industrial dodd-frank dodd-frank april dead tax investors market election wednesday infrastructure proposed data skepticism investment spending companies promise campaign policies plans high note biggest regulation corporate highly expectations survey builders gains progress benefit reform close rates trillion taxed rising reached fund telling firms boost managers effect support growth led postelection complex rally measures economic post-financial-crisis months regulations taxes group reports suggest client faith mounted cut suggested
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