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Donald Trump’s victory in the presidential election has fueled major movements in the financial markets.
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Investors are anticipating tax cuts and looser regulations from Trump.
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Here are five charts showing how Trump’s victory has affected the markets.
Donald Trump’s election victory immediately threw the financial markets into turmoil.
Stock prices rose to records about the prospect of tax cuts and looser regulation. Bank sharesThe price increase in particular received a boost amid speculation about increased deal 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.
All types of cryptocurrencies were charged higher, with Bitcoin leading a range of records above $90,000 as traders looked ahead to lighter regulation from the self-proclaimed “crypto president.”
A group of Bank of America analysts led by BofA Global Research chief investment strategist Michael Hartnett took stock of the recent moves.
Below are five charts showing how extreme market swings have been for different assets:
Read the original article Business insider