Stock market’s ‘Trump bump’ nearly erased thanks to bond selloff. What’s next.
The S&P 500 index SPX is clinging to a gain of just 0.8% since Election Day on Nov. 5, threatening to erase the “Trump bump” investors attributed to Donald Trump’s victory. The performance is on track to be the weakest Election Day-to-Inauguration Day run since the run-up to Barack Obama’s inauguration in 2009 amid a global financial crisis.