The same assets that shot up after Donald Trump’s victory in the 2016 US presidential elections are back on the move, rising just like his odds of winning against Kamala Harris.
Deja vu? Nope.
And it’s not just Trump. The chance of a Republican sweep in Congress is rising too (it’s now at 33%). That’s exactly what happened in 2016. Also, everything from large caps and small caps to Bitcoin is taking off again. Coincidence? Nah, probably not.
The odd ones out are oil and gold, though. Oil’s stuck in a supply glut that even OPEC+ production cuts and a Middle East conflict can’t shake off.
And gold? Well, that’s the new star. With the Federal Reserve slashing rates and global geopolitics heating up, it may only scale new highs from here, analysts say.
