The Trump Skepticism Trade

James FoordInvesting Group LeaderFollow5ShareSavePlay(5min)Comments(2)SummaryMarkets are now skeptical of Trump’s positive headlines, with rallies being sold and bond yields rising.The prevailing strategy has shifted to selling into strength – the 'Trump skepticism trade' – as technical and macro pressures persist.SPX technicals show downside momentum, with key support levels near 6,100 and the 200-week EMA as potential buy zones.While short-term risks dominate, I see this as a correction akin to 1997-98, with longer-term upside potential post-resolution.This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More » Klaus Vedfelt/DigitalVision via Getty Images Thesis Summary While President Trump has tried to push the narrative that the Iran war is drawing to a close, markets remain skeptical. Stocks are still struggling to regain their uptrend, and bond yields are moving higher. While I remainThis article was written byJames Foord27.55K FollowersFollowJames Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth.

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