Executives, directors at nearly 100 community banks and regional players netted $1 billion in stock sales since election
Insiders at publicly traded commercial banks with a market value greater than $1 billion, but excluding the largest national banks, sold about $1.4 billion in their company stock between the election and the end of March.. Private-equity investors with board seats also sold. Four of them accounted for more than $310 million of the sales, or about 22% of the total, since the election. These same investors sold $46 million in 2016 before the election.
These Trump Trades Just Aren’t Working Anymore
Hope has faded that the president can push his policies through
The “Trump trade” has become market shorthand for stocks up, dollar up, bond yields up—and while it has had a rough ride recently, shares remain more than 10% above election day.
.. The basic distinction is between global growth, which was happening anyway and has sped up this year, and a U.S. boom induced by Donald Trump’s promised policies.
U.S. growth.
The idea that the U.S. would power ahead of the rest of the world was reflected in sharp U.S. stock market outperformance, as well as the stronger dollar. No longer. U.S. equity performance since the election is now merely in line with the rest of the world and slightly behind Europe, in constant currency terms, while the dollar’s given back about half its postelection gains.
Bank red tape.
It is hard to split out bank stocks from bond yields, as the two have moved tightly together recently, but an administration packed with former Wall Street executives pledging to slash financial bureaucracy ought to be great for banks. Investors are still giving credence to the idea of a bonfire of regulations, with U.S. bank stocks 12% ahead of the market, about double the outperformance of banks in the eurozone.