Jun 2, 2017

The Trump Trade Unraveled A Bit

The Trump trade unraveled a bit. Remember early in the Trump trade you had a strong dollar the US Dollar has surrendered a hundred percent of its gains post Trump's election and so year-to-date even though the S&P 500 Index is up, priced in gold the S&P 500 Index is actually down. And if you compare the US stock market to other stock markets around the world the US stock market is one of the worst performing markets in the world so it doesn't sound like the Trump trade is working it sounds like the trades that are working are buying gold and buying foreign stocks. (SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY), iShares MSCI Emerging Markets Index ETF (EEM))

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