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Donald Trump’s victory in the presidential elections has driven important movements in the financial markets.
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Investors anticipate tax cuts and looser regulation from Trump.
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Here are five charts that show how Trump’s victory has affected the markets.
Donald Trump’s election victory immediately sent financial markets into a frenzy.
Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks, in particular, got a boost amid speculation about increased trading activity.
Bond yields also rose as investors priced in expectations that Trump’s protectionist trade policies would be inflationary, complicating plans for further rate cuts. This led to renewed interest in money market funds. The dollar rose and gold fell.
Cryptocurrencies of all types charged more, with bitcoin setting a series of records above $90,000, as traders waited for lighter regulation from the self-proclaimed “crypto president.”
A group of Bank of America analysts led by Michael Hartnett, chief investment strategist at BofA Global Research, took stock of recent moves.
Below are five charts that show how extreme the market fluctuations have been across all assets:
Read the original article on Business Insider