“Hope Versus Reality”: Goldman Illustrates The Trump Trade Fade

As we get set to usher in Q2, the only question anyone truly cares about is this: "does the failure to repeal and replace Obamacare presage trouble ahead with regard to tax reform and fiscal stimulus?" According to Goldman's latest, out moments ago, investors fall into two camps with regard to that question. To wit: This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors