Your stocks are slumping, but you probably can't blame Trump [Los Angeles Times (CA)]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Los Angeles Times
Tariff turmoil. Threats against Iran. An anti-immigration surge that has taken two innocent lives. And there's a sizable slump hitting the stock, bond, precious metals and cryptocurrency markets. What's the connection? The answer is: Not much. When it comes to Trump policies, investors have come to realize that Trump is often all talk, little action—that's the underpinning of the “TACO” trade, for “Trump Always Chickens Out,” which I described in May As recently as Jan. 20, for example, the Standard & Poor's 500 index fell by more than 2% in a possible reaction to Trump's saber-rattling over Greenland and threat to hike tariffs on European countries he felt were thwarting his imperial ambitions. The next day, the index began a comeback, rising nearly 1.2%. By three sessions later, it had recovered all that first day's loss. The index went on to set an all-time record on Jan. 27, one week after the Greenland sell-off. The latest sell-off in the investment markets doesn't
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