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Bank of America strategist Michael Hartnett has indicated that the 'Trump put' strike price is approximately 5,600 for the S&P 500 index. He suggests that if the S&P 500 were to decline to between 5,600 and 5,700 points, investors would likely anticipate some form of fiscal intervention from the Trump administration. Hartnett emphasized that the stock market serves as a critical indicator for Trump, describing it as his 'traffic light.' Additionally, he noted that the current rally in the S&P 500 is facing increasing skepticism among investors.
#BofA Strategist Hartnett Warns thinks the “Trump put” strike price is around 5,600 on $SPX. He says investors will probably expect some fiscal intervention from the Trump administration if the S&P 500 dips to 5,600-5,700. “The stock market is his traffic light.”
BofA's Hartnett: S&P 500 rally faces growing Investor skepticism https://t.co/5kGF2d0ywV Via @busines
BofA Strategist Hartnett Warns thinks the “Trump put” strike price is around 5,600 on $SPX. He says investors will probably expect some fiscal intervention from the Trump administration if the S&P 500 dips to 5,600-5,700. “The stock market is his traffic light.” https://t.co/cZaa2tcueq