Stocks Are Up 5 Percent Under Trump. So How Long Will the Rally Last?
ByCreditRichard Drew/Associated Press
Stocks have marched higher and higher — up 5 percent since President Trump took office six weeks ago — and the rally has become one of his favorite boasts. And there is plenty of economic data to justify the ebullience.
So why are some hedge fund managers bracing for a sell-off?
It’s all in the details.
The economic indicators are certainly heartening, the managers say, and Mr. Trump’s ambitious policy agenda — which includes a market-friendly triad of top priorities in rolling back regulations on businesses, overhauling corporate taxes and spending $1 trillion in infrastructure projects — looks encouraging, too…
Stocks Are Up 5 Percent Under Trump. So How Long Will the Rally Last?