Goldman Explains Why The Trump Trade Is Fading

Goldman Explains Why The Trump Trade Is Fading

As Goldman noted last week, "following the election, the positive shift in sentiment among investors, business, and consumers suggested that the probability of tax cuts and easier regulation was seen to be higher than the probability of meaningful restrictions to trade and immigration." It seems that markets got it wrong. It turns out that the probability of meaningful restrictions on trade and immigration was much higher than the probability of tax cuts and easier regulation (both of which ar
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