Since 2016, Trump has made the stock market his unofficial approval rating. In his second term, we may well see a new metric of success: a falling 10-year yield.
That means the second Trump term may surprise investors who are banking on the same stock market tailwinds as last time.
The White House is getting ready to support bonds, not stocks. Investors should plan accordingly – especially if most of their wealth is in the S&P 500 today.
This post originally appeared at DailyWealth.