Why Stock Market May Be Wrong to Rely on Trump and Powell Puts

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Why Stock Market May Be Wrong to Rely on Trump and Powell PutsOne of those Cassandras has been James McCormick, global head of strategy at NatWest Markets in London, who’s been monitoring markets for the better part of three decades. The first refers to the idea that President Donald Trump will come to the market’s rescue with a trade deal if needed, given the importance he places on equity performance as a yardstick for his administration. The second is the concept of Federal Reserve Chairman Jerome Powell coming to the rescue with interest-rate cuts.


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