Best and Worst US sectors during Trump’s first 100 days
By Kristen McGachey, 26 Apr 17
Trump’s first 100 days in office have been jam packed with outrageous tweets, ‘alternative facts,’ a failed healthcare bill and foreign policy blunders. But, what were the best and worst performing US sectors during Trump’s first 100 days?
With total returns of 6%, IT was the winning sector between 21 January to 26 April.
“The technology sector has been the strongest performing sector in recent months, for various reasons,” said Park.
“These include the fact that pro-business reforms may cause corporates to increase their technology investment, while proposed tax reforms could allow US-based technology majors to repatriate their large overseas cash balances without paying so much tax. However, we note that the sector’s strong performance has come in context of it being attractively valued at the time of the new president’s election.”
Tags: Donald Trump | Investment Strategy | US
