Investors Dial Back ‘Trump Trades’ as Policy Questions Remain
- Even most exuberant traders are rethinking some bets: Mizuho
- China stocks heading for best week in a month on stimulus view
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After an initial stampede into “Trump Trades,” investors in some asset classes are tapering their enthusiasm as they question whether Donald Trump will push through his ambitious tariff proposals as US president.
The dollar reversed much of its post-election surge by Thursday’s close, and is edging higher on Friday. Treasury yields have also returned to recent ranges following a two-day whipsaw. Chinese stocks and the yuan, earlier hurt by concerns over higher tariffs, have been swayed more by expectations of further stimulus from Beijing.