Wall Street’s macro traders get schooled in Trump-Era turbulence
For anyone on Wall Street still clinging to a time-honored macro-investing playbook, Trump 2.0 has been a source of endless punishment. Market narratives keep shifting faster than traders can adjust positions. Tariffs are on, tariffs are off — then they’re on again. One minute it’s “Sell America,” the next “buy the dip.” Old-school fiscal anxieties…
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