20 Feb 2025 8:04 am
A month into President Donald Trump’s second term, the euphoria is fading around many of the trades that investors piled into after his November victory, from stocks to the dollar to Bitcoin.
Instead of extending the period of US exceptionalism in global equities, the S&P 500 Index’s record run has still left it trailing European, Chinese and Mexican benchmarks. The dollar’s strength and bearish bets on US Treasuries are both losing steam. Even the breathless rally in cryptocurrencies and related stocks has wilted.
Trump’s First Month Has Traders Ditching America-First Wagers
https://www.bloomberg.com/news/articles ... rst-wagers
Instead of extending the period of US exceptionalism in global equities, the S&P 500 Index’s record run has still left it trailing European, Chinese and Mexican benchmarks. The dollar’s strength and bearish bets on US Treasuries are both losing steam. Even the breathless rally in cryptocurrencies and related stocks has wilted.
Trump’s First Month Has Traders Ditching America-First Wagers
https://www.bloomberg.com/news/articles ... rst-wagers