There’s A New Trump Trade

He goes, stocks go up. Way up.
Author:
Publish date:
Updated on
(Getty Images)

(Getty Images)

We know, we know: Just yesterday we asked you and everyone else out there to never place those two words next to each other ever again, since the current stock market freefall is only the most recent time the Trump trade faded, stalled, lost traction, found itself under siege, unwound, was over, was done, was on its last legs or died. But that was before the latest bit of Trump-hate to erupt forth from his alma mater—namely from the mouth of famed finance professor Jeremy Siegel.

“If Donald Trump resigned tomorrow, I think the Dow would go up 1,000 points,” the University of Pennsylvania Wharton School of Business professor said in a CNBC interview.

And he doesn’t even have to resign! He could be impeached and removed from office, declared unfit under the 25th Amendment, or choke to death on one of the world’s finest taco bowls. Whichever way, everyone wins.

“One has to remember that the rally since Trump’s election has been based not on Trump’s agenda [but] on the Republican agenda. I would say that 90% of the people, investors on Wall Street, and most of the CEOs, would prefer a President Michael Pence, rather than Donald Trump,” Siegel said.

“So, in a way you know what kind a trouble he’d be, might he have to resign, might he be impeached... all that does not derail the Republican agenda, upon which this rally was based,” he said.

Man who called Dow 20,000 says stock market could see 1,000-point surge if Trump resigns [MarketWatch]
Investors Turn Sharply Pessimistic [WSJ]

Related