Last week, “Trump trade” stocks exploded on rising speculation that Donald Trump will win the upcoming Presidential election. Basically, a “Trump trade” is where investors bet on stocks, sectors, and asset classes that are expected to benefit from a second Trump administration - such as Bitcoin (BTCUSD), steel stocks, and domestic manufacturers, for example.
This week, the election calculus has gotten more complicated, after President Biden withdrew from the race and Vice President Harris stepped in as the presumptive Democratic nominee. However, there's one Trump trade that could still see plenty of action in the weeks and months leading up to the election, regardless of which candidate emerges as the favorite in the polls.
