Global Markets Ramp Up the ‘Trump Trade’ After Rally Attack
- Dollar gains as financial markets reopen for the week
- Treasury curve steepens more after shooting at Saturday rally
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As world financial markets reopened after the attempted assassination of Donald Trump, one thing was clear: The Trump trade is gaining momentum.
The series of wagers — based on anticipation that the Republican’s return to the White House would usher in tax cuts, higher tariffs and looser regulations — had already been gaining ground since President Joe Biden’s poor performance in last month’s debate imperiled his re-election campaign.