The "Trump Trade" Scorecard: One Year Later
When Donald Trump won the 2024 US presidential election, investors rushed into what quickly became known as the "Trump Trade." Over the past year, this movement has reshaped markets from cryptocurrencies to equities and currency valuations.
Market Reactions
Crypto assets, US stocks, and the dollar all saw notable gains following Trump's victory. The bond market, however, reacted skeptically and experienced a sell-off.
Evaluating Investor Predictions
The markets are influenced by many interconnected factors, yet a year later, the results of these early bets are becoming clearer. In several key areas, investors largely called it right.
Crypto Performance
- Bitcoin: Up 36% over the past year, with peaks as high as 67%.
- Ethereum: Up 23%, after surging as high as 78%.
- Coinbase: Gained 87% in early November 2024 and remains up 18% year-over-year.
"Trump positioned himself as the pro-crypto candidate in the 2024 election. Investors believed him, and he has broadly delivered on that promise."
Summary
While markets have fluctuated in recent weeks, the general surge in digital assets and equities reflects sustained confidence in President Trump's economic stance.
Author’s summary: A year after President Trump’s reelection, the “Trump Trade” momentum endures, with crypto and equities showing strong gains driven by investor optimism.