6 charts showing Trump's immense post-election market impact
- Donald Trump's presidential-election victory has fueled major moves in financial markets.
- Investors are anticipating tax cuts and looser regulation from the president-elect.
Donald Trump's election victory immediately sent financial markets into a frenzy.
Stocks soared to records on the prospect of tax cuts and looser regulation. Bank stocks in particular got a lift amid speculation of increased deal activity.
Bond yields also surged as investors priced in the expectation that Trump's protectionist trade policies will be inflationary, complicating plans for further rate cuts. The dollar rose and gold dipped.
Cryptos of all sorts charged higher, with bitcoin setting a series of records above $90,000 as traders looked ahead to lighter regulation from the self-appointed "crypto president."
A group of Bank of America analysts led by Michael Hartnett, the chief investment strategist of BofA Global Research, took stock of the recent moves.
Below are six charts that show just how extreme market fluctuations have been across assets:
1. Large-cap stocks saw their biggest weekly inflow ever.
2. Chinese stocks saw the biggest week of outflows in more than five months.
3. Financial stocks saw the biggest inflow in more than two years.
4. Gold saw its biggest outflow in more than two years.
5. Money-market fund assets reached an all-time high.
6. Crypto saw its biggest week of inflows on record.
