PremiumThere Is A 'Trump Put', But...
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Authored by Simon White, Bloomberg macro strategist,
Boosting the health of small businesses and reducing mortgage costs are two key areas where the US administration is focusing its energies. Until sustainable progress is seen here and other areas important to Main Street’s prosperity, the stock market is unlikely to be President Trump’s first priority.
US stocks are now in or near correction territory, with the S&P down almost 9% from its closing high, and the Nasdaq down around 12%. Markets are probing for a Trump put that the president and his Treasury Secretary, Scott Bessent, are making clear is not forthcoming.
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