From Financial Times:
Rather than MAGA perhaps it is time for the MEGA Trade — Make Europe Great Again. On Tuesday, the Trump Trade has had its first bona fide bad day with a 1.14 per cent fall for the S&P 500. That was unremarkable in itself, but after a period of calm stretching back to last October, in which the S&P managed to avoid any daily falls of as much as 1 per cent, it seemed rather a big deal.