OUT OF BATTERIES? 'Trump Bump' Gives Way to Market Crash
Investors are hedging against an economic decline
Equity markets began the year high on expectations that incoming president Donald Trump would cut taxes and regulations, setting off another burst of growth in stock values. Stock prices rose on that expectation of a “Trump bump.”
Now, seeing weakened consumer spending and fearing inflation and general uncertainty as Trump deports workers and plays on-again-off-again with his tariffs, investors are hedging against an economic decline.