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After wiping out the last of their “Trump bump” gains, US equities were surprisingly calm Wednesday following their tariff-fueled selloff earlier in the week. 

Given today’s mild gains come after a particularly spirited address from President Trump last night, during which he doubled down in defense of his trade policies, I’m betting investors are expecting the powers that be to step in. 

Whether this comes in the form of a “Fed put” or a “Trump put” is anyone’s guess. To be fair, investors probably don’t care which, as long as stocks start to see some… Read more on Blockworks