From Dollar to Stocks, Trump Trade Erupts Across Markets (3)

Donald Trump quickly put his stamp on financial markets as his victory in the US presidential election propelled “Trump Trade” plays across assets.

US stocks surged, with S&P futures climbing 2.3%; the dollar posted its biggest gain against major currencies since 2020; Treasury bonds tumbled, sending benchmark yields up by almost 20 basis points; and Bitcoin soared to a record.

The swings send a clear signal that investors believe a second Trump administration will look a lot like the first one: a stream of policies (tax cuts, deregulation, tariffs) that will simultaneously stoke economic growth, corporate profits and inflation.

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