Trump Sugar Rush?

The markets have surged in the US since Trump won. 60-65% of VEVE is invested in the US.

I do not think this is because his economic policies are so much better than Harris’s would have been.

To me this is more akin to an investment sugar rush.

And after the rush comes the crash. Not a full throated stock market rout, but more a step back.

I therefore expect that we will be using the PIP-VEVE strategy sooner rather than later.

As a side note, the US 10-year treasury yield (stick with me) has also climbed. This means people are selling US government bonds in anticipation of higher interest rates in the future.

Why would the market be expecting that? Because as far as they can tell Trump’s likely economic policy will prove to be inflationary - more inflation means higher interest rates and so the market sells bonds to raise the yield on them.

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