“Trump Trades Are Down But Not Out”: BAML – ValueWalk Premium
Performance Vs USD

“Trump Trades Are Down But Not Out”: BAML

Following the failure to push through healthcare reform, Trump trades have received a new lease on life, according to Baml analysts. Claudio Piron and colleagues reiterate their long USD/short US rates bias in their March 31 research piece titled “The Waiting Game.”
Booster for Trump trades
Piron and team believe that while the first phase of the Trump trade was driven by rising animal spirits, its second phase, powered by the fiscal stimulus narrative, has been harder to trade. The BAML analysts believe the recent . . .

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