The Trump Trade Is Dead – But Long Live War
Have you ever plotted the first factor from a principal component analysis of the relative performance of small cap, banks and infrastructure stocks against the S&P500 and the ratio of muni yields to Treasury yields?
Sure you have. Everybody tries to do at least one PCA a day, right?
No, but seriously, Barclays set out to update clients on the extent to which the "Trump trade" has been unwound and it's worth taking a quick look at what they found.
It's been obvious for months that the "T
With Destruco on the loose, we should be looking at charts for body bag manufacturing, or better yet death care stocks like SCI, which starting around November 9, 2016, in recognition of Destructo’s potential power to destroy and kill all things, promptly picked up a stock price increase of 35%.
“Mr. Goldman how much did you make off of that guy’s death”? “A ton” Mr. Fargo, “How about you and those kids getting blown-up”, “A sh*t load, man but nothing compared to General Dynamics and Lockeed-Martin I’am sooooo jealous, my friend”.