The S&P 500 and Dow industrials have lost ground for two straight weeks, with analysts tying the retreat to doubts about whether President Donald Trump’s business-friendly policies will become reality. RBC’s bullish strategists are singing a different tune, however. Many investors believe that the Trump administration’s plans, especially those on tax reform, have buoyed markets, and they’re “predicting a pullback if these initiatives fail to be implemented,” said RBC’s team, led by Jonathan Golub, in a note dated Monday. “However, the data shows that Trump darling stocks — those benefiting most from such policies — only outperformed in the immediate aftermath of the presidential election,” Golub & Co. said. That period of outperformance, followed by a market-lagging advance, is shown in the RBC chart below. via