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Trump Trade Heads To Extremes
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Trump Trade Heads To Extremes

The “Trump Trade” has eclipsed the 2016 rally despite a bubbly starting point

David Rosenberg's avatar
David Rosenberg
Nov 12, 2024
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Early Morning with Dave
Early Morning with Dave
Trump Trade Heads To Extremes
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Highlights

  • The “Trump Trade” has eclipsed the 2016 rally despite a bubbly starting point

  • Fears of re-inflation ignore myriad downward price pressures

  • European news and data bolster the pound against the euro

  • “Zombies” are stalking credit markets again

Key Takeaways

The "Trump Trade" Surge: Bitcoin and Bank Stocks Soar

  • The Republican sweep has triggered a “Trump Trade” that now dwarfs even what we saw after the 2016 surprise result. Bitcoin has risen asymptomatically and visions of deregulation (and higher rates?) have sent bank stocks soaring.

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