July 23: ICE jobs; life event tracking, broker, homebuyer assistance, VOIE products, end of the Trump trade
Before President Biden quit his reelection bid, markets had been pricing in a “Trump Trade.” This meant investors placing bets on a steeper yield curve and placing money into stock sectors that were most likely to benefit from a Trump Presidency. That certainly has slowed in the last 48 hours, though I would caution against…