Trump trade still not fully priced

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It’s all wrapped up. Donald Trump will be US President again. He will have a majority in the Senate, and probably the House. Now let’s talk about the accompanying Trump Trade. Points of Return has warned that a Trump victory was already factored in, opening up the risk of a nasty shock if he lost. Whether it was because those trades were called back within the last few days or the surprisingly complete nature of his victory, Wednesday established that this was wrong. It was the best post-election day for the US stock market in history.