United States

In light of expectations that the Trump fiscal stimulus plan will unleash a new Golden Age for the US economy, driven in part by the repatriation of hundreds of billions in funds held offshore, yesterday we showed a disturbing analysis from Citigroup according to which the bank's share-shrinker portfolio has soared relative to the S&P following the US election. The implication was clear: as fas as the market is concerned, much if not all of the capital repatriated from overseas will be promptly returned to shareholders, and maybe much of the corporate tax cut as well.

From Fortress Capital:

As SHTFPLan.com's Mac Slavo notes...

While the powers that be are determining the fate of alternative media voices that are now branded under the dubious label “fake news” and blacked out from online search results, it is worth keeping in mind all the disinformation and downright lies that have been perpetrated by the corporate news media – typically hand in hand with a political agenda.

 

Donald Trump’s election victory has driven significant rotation across global markets. Bond yields are up, the USD has strengthened, DM equities have risen, EM equities have fallen and cyclical stocks have outperformed defensives.  Amid the chaos, Citi's Global Equity Strategy team has attempted to craft some "Trump Trades" to help investors take advantage of the volatility.

With US Treasuries the most oversold since 2007, Bloomberg reports that bonds around the world are headed for their steepest two-week loss in at least 26 years as President-elect Donald Trump sends inflation expectations surging.

The Bloomberg Barclays Global Aggregate Index has fallen 4 percent in the period through Thursday.