Dow Record Comes in Market Radically Polarized by Trump Victory. So much for the market crash the elitists frightened us with — the DOW just hit an all-time high. Tech fell, but commodities, construction, infrastructure, and health all rose.
Soaring Inflation Expectations Spark Interest Rater Rise on Bond Markets. Back to levels last seen 18 months ago. The basic idea is that Trump will need to manufacture a heap of money to pay for his infrastructure renewal. The Chinese Yuan dropped — perhaps because the Chinese government is selling US government bonds.