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.