An interesting divergence has emerged after the election:
“Everyone is trying
to comprehend just how much the world has changed this week, including Wall
Street traders. In the days after Donald Trump was elected U.S. president,
stock markets had their best week in two years and bonds suffered more than $1
trillion of losses. The main narrative behind the move was that Trump would
spend more money to build roads and bridges, generally spurring growth and
long-awaited inflation. That's good for stocks and bad for government bonds”
Is the Bond Market Bubble Finally Deflating?
“More than $1 trillion was wiped off the value of bonds around the world
this week as U.S. President-elect Donald Trump’s policies are seen boosting
spending and quickening inflation.”