High-Conviction Wall Street Bets Unravel in ‘Trump Trade’ Rebuke

High-Conviction Wall Street Bets Unravel in ‘Trump Trade’ Rebuke

Coming into the new presidency the playbook for traders was obvious. Bet it all on a core of America First-linked champions, from Tesla Inc. and crypto to smaller companies.

Turns out, amid spiraling policy shifts and worsening economic data, whittling yourself down to just a few bold calls has been one of the worst things to do in the era of Donald Trump.

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