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