Need to Know: Get ready for Trump Trade 2.0 — a ‘deeper pullback’ for stocks

So, was yesterday’s bloodletting a one-off, or have we begun “Trump trade 2.0”? We’ve got to get through a couple of days yet before we find out.

In the original Trump trade, stocks enjoyed a postelection rally on hopes the new U.S. administration will deliver on its promised pro-growth agenda. But that was disrupted in a big way yesterday, as it looked like the Republican health care bill might stumble Thursday. If it does, the rest of the adminstration’s agenda might fall short — and the selloff set in.

“The End of Trump-trade Tranquility” is how The WSJ’s Daily Shot summed up the day’s bumpy trade.

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