Nomura’s McElligott Weighs In On Trump’s $2 Trillion ‘New Deal 2.0’

Nomura’s McElligott Weighs In On Trump’s $2 Trillion ‘New Deal 2.0’

"If there was ever time for a tactical reversal of US Equities 'Momentum' factor and with it, [the] potential for a large 'value over growth'/'cyclicals over defensives' reversal impulse–it would likely be now", Nomura's Charlie McElligott wrote, in a Tuesday afternoon note. Earlier in the session, Donald Trump took to Twitter to shout about the relative merits of making a $2 trillion infrastructure investment plan the cornerstone of the "phase four" coronavirus stimulus package which seems i
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8 thoughts on “Nomura’s McElligott Weighs In On Trump’s $2 Trillion ‘New Deal 2.0’

  1. It’s amazing how quiet/defunct the Tea Party has been since their last revolt against the black guy when he tried a fraction of the amount stimulus. Fake outrage or fake patriotism?
    Let’s not forget trump is the last person on the planet to trust with overextended debt. The failed businessperson with (6) bankruptcies to his credit – turned game show host – is merely looking for content to bolster ratings.

  2. Here’s the June headline: “New Deal 2.0 Infrastructure Bill fails after Democrats push for Green initiatives and refuse to allocate money to border wall. Trump, calling it a ‘bridge to nowhere,’ cites bird cancer and ‘general ugliness’ in shooting down windmills, solar panels.”

  3. I am not spending any brain cells on this $2TR infra bill idea – just another instance of Trump making up stuff to goose stocks and get ratings.

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