Media and markets appear to have lost faith in Trump’s ability to see his promises through.
Editor’s Remarks: Donald Trump has leaned heavily on his apparent ability to get things done quickly and for the better of the market. However, the recent surge in US stocks took a major hit as he, and Paul Ryan, failed to gather support in favour of repealing and replacing Obamacare. Markets have tumbled over the past week and look set to continue their plunge towards the worst month in over a year. The biggest losers were the major banks, some of whom lost over 5%.
What to watch: Donald Trump, Paul Ryan, Obamacare, Bank of America, Goldman Sachs, Morgan Stanley