Where the Trump Trades Still Aren’t Priced In
There’s plenty of room to run as Cabinet picks, tariff frictions, and overseas surprises take shape.
Best post-election ever for the US stock market.
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It’s all wrapped up. Donald Trump is going to be the US president again. He’ll have a majority in the Senate, and probably the House. Now, we need to talk about the accompanying Trump Trade. Points of Return has warned that a Trump victory was already priced in, opening up risks of a nasty shock if he lost. Whether because those trades were dialed back in the last few days, or the surprisingly complete nature of his victory, Wednesday established that this was wrong. It was the best post-election day for the US stock market in history.