New Delhi, March 12 -- When Donald Trump secured victory in US Presidential elections 2024, global private banks rushed to pitch 'Trump stocks' or 'Trump trade' portfolios - collections of stocks supposedly poised to benefit from his return to power. However, the reality has played out differently.

According to market data cited by Devina Mehra, Founder & CMD of First Global, Tesla share price, often viewed as the ultimate 'Trump stock,' has more than halved from its recent highs and is down 12% from November 5, 2024, a day before the election.

Broader US stock market indices have also faced losses, with the Nasdaq and S&P 500 declining by 4% and 3%, respectively, from the same period.

Despite the lack of a clear definition of 'Trump s...