Don’t blame market for being baffled by Trump, bond manager says

While Trump and his third wife Melania attend a party in Florida, investors rethink their approach due to Trump's mixed signals on the ACA. (Photo: AP)

(Bloomberg) — The first weeks of Trump’s presidency have forced investors to continually rethink their approach as the Republican sends mixed signals with his appointments and statements, according to Krishna Memani, who oversees more than $220 billion at OppenheimerFunds Inc.

“You can’t blame the market for being confused,” Memani, who is chief investment officer, said Monday in an interview on Bloomberg Television. “After the election, we were expecting lots of things. What is becoming clearer is the fact that whatever we were expecting will take a long time to manifest itself, whether that is Obamacare, or whether that is fiscal stimulus.”