In the wake of the Presidential election, anything related to commodities, the industrial cycle, banks, or Energy has exploded higher in price. Defense stocks have also done well. All an extrapolation of the likely policy path for President Trump. On the losing side of the equation, Treasuries have gotten absolutely demolished, as have solar stocks (concerns over subsidies for clean energy being cut). The Japanese yen has plunged, as has the Swedish krona and the euro.

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