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Investors Have Hit the Pause Button on a Number of ‘Trump Trades’ – Bloomberg

640x-11Time for a time-out.

by Luke Kawa ()

After massive moves across a plethora of asset classes, positions linked to the surprise victory of President-elect Donald Trump are starting to lose momentum, according to Bespoke Investment Group analysts, who ran a health-check on these so-called “Trump trades.”

An equal-weighted basket of infrastructure stocks (AECOM, Chicago Bridge & Iron Co., Fluor Corp., Jacobs Engineering Group Inc., Martin Marietta Materials Inc., Vulcan Materials Co., and U.S. Steel Corp.) had been on a tear since the election, buoyed by Trump’s plans to make U.S. infrastructure “second to none.” But the outperformance of these names relative to the S&P 500 has stalled over the last week.  Read More…

AAPL
146.28
+0.65
+0.45%
XOM
81.61
+0.53
+0.65%
MSFT
71.21
+0.95
+1.35%
JNJ
136.43
+0.38
+0.28%
WFC
52.45
-0.04
-0.08%
GE
27.57
+0.02
+0.07%
JPM
86.86
-0.16
-0.18%
PG
89.42
+0.39
+0.44%
PFE
34.17
+0.11
+0.32%
VZ
45.39
-0.03
-0.07%
CVX
105
+0.55
+0.53%
T
37.95
-0.15
-0.39%
BAC
22.82
-0.11
-0.48%
DIS
104.36
+0.14
+0.13%
FB
155.07
+1.67
+1.09%
C
63.41
-0.21
-0.33%
MRK
66.16
+0.14
+0.21%
GOOG
965.59
+8.5
+0.89%
KO
45.25
+0.18
+0.40%
CMCSA
39.5
-0.44
-1.10%
HD
151.31
-4.17
-2.68%
GILD
70.52
+0.04
+0.06%
INTC
34.19
-0.17
-0.49%
IBM
154.11
-0.29
-0.19%
CSCO
32.09
+0.24
+0.75%
PEP
116.96
+0.81
+0.70%
AMZN
1003.74
+2.44
+0.24%
ORCL
50.95
+0.65
+1.29%
V
95.58
+1.63
+1.73%
WMT
74.84
-0.68
-0.90%
AAPL
146.28
+0.65
+0.45%
XOM
81.61
+0.53
+0.65%
MSFT
71.21
+0.95
+1.35%
JNJ
136.43
+0.38
+0.28%
WFC
52.45
-0.04
-0.08%
GE
27.57
+0.02
+0.07%
JPM
86.86
-0.16
-0.18%
PG
89.42
+0.39
+0.44%
PFE
34.17
+0.11
+0.32%
VZ
45.39
-0.03
-0.07%
CVX
105
+0.55
+0.53%
T
37.95
-0.15
-0.39%
BAC
22.82
-0.11
-0.48%
DIS
104.36
+0.14
+0.13%
FB
155.07
+1.67
+1.09%
C
63.41
-0.21
-0.33%
MRK
66.16
+0.14
+0.21%
GOOG
965.59
+8.5
+0.89%
KO
45.25
+0.18
+0.40%
CMCSA
39.5
-0.44
-1.10%
HD
151.31
-4.17
-2.68%
GILD
70.52
+0.04
+0.06%
INTC
34.19
-0.17
-0.49%
IBM
154.11
-0.29
-0.19%
CSCO
32.09
+0.24
+0.75%
PEP
116.96
+0.81
+0.70%
AMZN
1003.74
+2.44
+0.24%
ORCL
50.95
+0.65
+1.29%
V
95.58
+1.63
+1.73%
WMT
74.84
-0.68
-0.90%