US equity investors were initially optimistic about the second presidency of Donald Trump. A so-called “Trump put” was one reason for this. The assumption was that the Republican leader would tweak his policies to support the stock market if it faltered. Equities therefore had an implicit “put” — a limit on downside risk.
美國股市投資者最初對唐納•川普(Donald Trump)第二個總統任期持樂觀態度。所謂的「川普看跌期權」是其中一個原因。當時投資者假設的是,如果股市下跌,這位共和黨領導人將調整政策以支撐股市。因此,股市有一個隱性的「看跌期權」——使下行風險有限。
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