4 Market Takeaways From The US Election

Yes, yes, it’s been a historic week for US markets after the election which clearly had not priced in a Trump victory and/or a Republican sweep, and risk assets are buoyant, with the S&P 500 at a new record, bitcoin about to hit $90,000 and credit spreads incredibly tight as well, with IG spreads at their tightest since 1998, and HY spreads at their tightest since 2007.

And while the mood is clearly euphoric - at least for now - there are several takeaways we can glean from the election outcome, some of which may give investors a bit more caution. Below we highlight the main ones courtesy of DB's Henry Allen: