Which shares have done best from the Trump trade?
Three sectors stand out
DONALD TRUMP’S victory on November 5th was decisive. The reaction of America’s stockmarket was jubilant. On November 6th the S&P 500, an index of America’s biggest firms, leapt by 2.5% in anticipation of lower taxes, less regulation and higher economic growth. The Russell 2000, an index of smaller listed companies, soared by 5.8%. Will the good times continue?
For now investors remain ebullient. But an analysis of the performance of the 3,000 biggest American public companies shows that the Trump rally has been uneven. And some “Trump trades” have proved less profitable than anticipated.
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