Stocks climbed on Wednesday after Donald Trump’s victory in the US presidential election, led by outsized gains in so-called “Trump trade” bets.
These investments, such as financial and energy stocks, are expected to benefit from Republican policies like deregulation, lower taxes, and tariffs. Cryptocurrencies also rose.
Meanwhile, rising bond yields illustrate ongoing investor concern about potential higher inflation down the line thanks to tariffs, reduced taxes, and a growing federal deficit.
What Sectors Are Benefiting from Trump’s Victory?
This post originally appeared at Morningstar.