New York
INVESTORS who were betting on US reflation but are now worried about President Donald Trump's ability to push through his pro-growth agenda may be in for an unwanted economic surprise: a lack of them.
A growing chorus of strategists are warning that the jolts of economic growth that have helped power stocks over the past six months may no longer serve as a tailwind for risk-taking, while headline global inflation looks close to peaking.
A lack of positive economic surprises and waning price increases may combine to test the market's faith in the reflation trade at a time when the Trump administration's failure to push through healthcare reform has already sown doubts.
"I think markets are...
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