It has been less than a week since former President Donald Trump reclaimed his spot in the White House, and it’s already clear which assets are and will likely continue to benefit.
Stocks as a whole rallied last week with the Dow trading above 44,000 and the S&P 500 breaking above 6,000. Both reached new all-time highs. The strength was led by the sectors that many believe will thrive under a four-year Trump administration…
Financial stocks surged on hopes that fewer regulations will lead to more merger and acquisition activity – as well as a stronger economy. And aerospace and defense stocks hit record levels as investors bet on more spending on the military as geopolitical tensions remain elevated.
Then there’s the crypto market. Bitcoin (BTC-USD) surged to a new high the day of the election, and today it has moved above $82,000 for the first time ever. Crypto-related stocks attracted fresh money as a result – with Coinbase Global (COIN) and Robinhood Markets (HOOD) hitting new multiyear highs. Meanwhile, the CoinShares Valkyrie Bitcoin Miners ETF (WGMI) has climbed more than 30% since the election.
And there’s a lot more to discuss.
On today’s video update, I dive into all of the sectors and stocks that are best positioned for four years of President Trump.
Here’s to the future
Matt McCallEditor, Market Insights
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