The floor has sagged on Trump building stocks that went way up after the election. Building and engineering stocks went way up after the election, but are coming back down. Certain companies are wavering and weakening a bit. Jacobs Engineering Group Inc. is one such group that had an initial boom and is now falling down a bit.

Key Takeaways:

  • Building and engineering stocks are declining in the past three weeks after going up right after Trump was elected.
  • Other Trump trade in stocks are increasing and holding strong.
  • The president is also expected to face resistance from Republican fiscal hawks in Congress, as well as House Speaker Paul Ryan, who said he won’t support spending without offsetting budget cuts.

“Recent weakness among building stocks tracks a handful of other market barometers from Treasury yields to inflation breakevens that also show a cooling in the exuberance that greeted Trump’s election.”

http://nreionline.com/development/floor-sags-trump-building-stocks-surged-after-vote

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