$87,000…and counting!!
Bitcoin is up over 25% since the election results started limping and it appeared Trump would win. Today’s massive surge took the major cryptocurrency above $87,000 for the first time ever.
Source: Bloomberg
…and it’s going higher…
Source: Bloomberg
Gold, on the other hand, has been hammered lower since the election…
Source: Bloomberg
..but in the broader context, Gold is just shy of its all-time inflation-adjusted high still…
Source: Bloomberg
But Bitcoin/Gold is soaring back near recent highs…
Source: Bloomberg
…and silver has been underperforming gold in the last week or so…
Source: Bloomberg
In stock-land, Democratic Party policy baskets losers kept losing as the ‘Trump Trade’ continues to be bid…
Source: Bloomberg
As UBS Trading Desk notes, The Republicans Versus Democrats Winners basket is up 2.2%, extending its rally to 60% so far this year.
Low quality and cyclical pockets continue their post-election rally whilst shorts squeeze higher:
Hedge Fund Holdings vs High Short Interest is down dramatically since election day.
Financials are the top sector today as Trump Financials rallies another 2.8% and M&A Banks are up 2%. Historically expensive…
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