Banks Stage A Triumph for President-Elect Trump

Money centers are celebrating the country’s choice to elect a business man to run the White House.  The one day performance of banks is impressive.

Data courtesy of Exodus:

Meanwhile US Treasuries are being dismantled as the central bank’s rake hike agenda is rapidly priced into the market:

Fed fund futures show a high probability of rate hikes at the December, February and March Fed decisions.

Investors have found a renewed faith in bankers post-election.  Their performance today is stunning.  Whether we see the rate hikes investors are pricing in over the next four months is TBD.