logo
welcome
MarketWatch

MarketWatch

Stock market’s ‘Trump bump’ nearly erased thanks to bond selloff. What’s next.

MarketWatch
Summary
Nutrition label

79% Informative

The S&P 500 index is clinging to a gain of just 0.8% since Election Day on Nov. 5 , threatening to erase the ' Trump bump' investors attributed to Donald Trump's victory.

The performance is on track to be the weakest Election Day -to-Inauguration Day run since 2009 amid a global financial crisis.

Stock-market investors are worried about rising yields, with the 10-year rate seen on its way toward 5% and possibly beyond.

Some economists and analysts expect the next move to be a hike.

Economic fundamentals — look at that hot jobs report after all — remain good, he said.