“Sell in May and go away,” is an old Wall Street adage.
I first heard about it from my father, a New York businessman, on a hot afternoon back in the last century.
“The Trump trade” is what financial strategies associated with the shifting fortunes of the former president are being called.
Such market bets have been connected by Wall Street analysts to movements in the prices of gun, prison and fossil-fuel energy stocks.
And the Trump trade has also been attributed to small moves in bond yields and in expectations of changes in transactions, from mergers and acquisitions to the exchange rate of the dollar.
Persons:
“, ”, Trump
Organizations:
Hamptons, Ford, Labor, Trump, Wall Street
Locations:
New York