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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…