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A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market’s march higher.
Meanwhile, stocks from sectors that have had less access, and have faced occasional bluster from Trump, such as media and technology, have hopped into the driver seat.
Banks, industrials and other companies expected to win from Trump's policies surged following his unexpected election victory in November. Valuations for many grew stretched. But Wall Street's change in focus in recent months also reflects concerns among investors that Trump may struggle to enact
