Trump and Wall Street: How long will the love affair last?
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The relationship between Trump and Wall Street has been complex. Initially, Wall Street welcomed Trump's presidency, with the S&P 500 surging 3% and small-cap stocks jumping nearly 5%. Financial and energy stocks were the biggest winners.
However, concerns have emerged. The bond market has shown signs of unease, with yields on 10-year bonds rising. This could impact Wall Street's support for Trump, as higher yields make equities less appealing.
The future of this relationship is uncertain. Some experts warn that Trump's economic policies could lead to a market correction, while others predict that the bond market could exert pressure on governments with higher borrowing costs.
Ultimately, the longevity of Trump's relationship with Wall Street remains to be seen.