Trump Put Looms as S&p Reverses Election Rally, Bofa Says
The S&P 500's reversal of its post-election rally has sparked concerns that President Donald Trump may intervene to support the market, according to Bank of America Corp. strategists. Investors are watching for signs of government intervention as the benchmark has slipped almost 3% this month on worries about Trump's proposed tariffs. The benchmark is now just about 1% from its closing level of 5,783 points on November 5, the day of the Presidential election.
- This reversal highlights the ongoing uncertainty surrounding Trump's market-friendly policies, which were a key factor in the post-election rally.
- What will be the specific triggers for Trump to step in and support the market, and how will his actions impact the broader economy?