The ‘Trump Trade’ is turning into a loser in the stock market | Fortune

Ned Davis Research reports 16% drop in Trump Trade index as political bets unravel

Trump Trade Index down 16% since May as inflation and rates hit homebuilding; Bitcoin shed 50% from $125K. Macro fundamentals overwhelm policy tailwinds—a lesson for IT leaders on why sentiment-based bets fail against rising rates and currency shifts.