Goldman Sachs Says Trump Rally Has Been CurbedBy
Cooling sentiment visible in surveys, fund flows, price action
Recommends clients stay long U.S. break-even inflation
Trump-fueled enthusiasm is running out.
Hopes for a pro-growth suite of fiscal policies under President Donald Trump buoyed financial markets after Nov. 8, sparking a rise in measures of consumer and business confidence that sent the gap between these “soft” data and measures of real economic activity to its widest level in six years…
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