Wall Street Bets on New Riches Ahead in Markets All-In on Trump
- Small caps, crypto and risky credit win amid buying spree
- Prospects for tax cuts and deregulation lift sentiment
A trader wearing a Trump hat works on the floor of the New York Stock Exchange on Nov. 6.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
All year, a slew of Wall Street pros have questioned the durability of an indiscriminate risk rally that has fattened stock prices by trillions of dollars, sent Bitcoin soaring, fueled a credit bonanza, and more.
All year, besides a short-lived market wobble in the summer, they’ve been dead wrong. Now with Donald Trump storming back to the presidency and assets surging in his wake, an altogether different anxiety has set in: That investors aren’t bullish enough.