The popular investment strategy known as “Trump Trade” has backfired for many traders on Wall Street, who underestimated the impact of sudden policy changes and worsening economic data during President Trump’s presidency. Initially, investors bet heavily on companies linked to a “America First” agenda, such as Tesla and cryptocurrencies. However, this approach proved to be one of the worst decisions during Trump’s tenure.
Source: https://www.bloomberg.com/news/articles/2025-03-28/high-conviction-wall-street-bets-unravel-in-trump-trade-rebuke