Trump predicted that a US government shutdown is likely, citing a stalemate between his party and Democrats.
The Fed poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy.
According to Bofa strategists the bubble that has formed in US Big Tech stocks over the past two years has further to run.
The Feds latest move to cut interest rates by 25 basis points was widely anticipated, but the market’s reaction was far from enthusiastic.