The stock market rallied on Monday after the assassination attempt on former President Donald Trump, as investors priced in greater odds of his victory.
Analysts have taken to calling this the “Trump trade,” a reference to all the asset classes expected to perform better should he take office. Even before Saturday’s assassination attempt investors expected certain assets like cryptocurrencies, the dollar, and some oil stocks, to benefit from a second Trump presidency, and now Wall Street seems to be forecasting he will win the election with much greater conviction.
