‘Trump trade’ returns for second week as bitcoin, Tesla, stocks surge – NBC News

The ‘Trump Trade’ phenomenon, a term coined to describe investor optimism ignited by former President Donald Trump’s policy initiatives, has made a comeback for a second week. Capital markets across the board have responded positively with Bitcoin, Tesla, and many other stocks experiencing a surge.

Bitcoin, the leading cryptocurrency, exemplified this trend with an impressive rally. Tesla, no stranger to market fluctuations, also rode the wave of positivity. Stock markets mirrored this uptrend, creating a ripple effect across the board.

This surge can be attributed to several factors. The first is a general global market optimism, fueled by increased vaccine distribution and a loosening of travel restrictions. Additionally, the anticipation of more pro-business policies has invigorated investor confidence.

Going forward, it will be interesting to observe if the ‘Trump trade’ can maintain this momentum in the coming weeks. Read More