"Trump 2.0" places more emphasis on U.S. Treasury bonds rather than U.S. stocks
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Louis-Vincent Gave, the founder of the well-known investment research institution Gavekal Research based in Hong Kong, stated in a conversation with Bank of America Merrill Lynch that U.S. Treasury Secretary Scott Bessent and Elon Musk both mentioned that the top priority of the Trump administration is to ensure that long-term bond yields remain low. Unlike during the Trump 1.0 era, this time Trump did not mention the stock market much
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