US fiscal policy is one of the primary concerns for investors. The expectation is that a clean sweep by either Democrats or Republicans would open the door to a larger deficit, and push Treasury yields higher. Kamala Harris’ plans are not as deficit-inducing because she wants to increase some taxes on the rich and corporations. Donald Trump’s plan really makes him the “King of Debt.” And that’s a big reason people are talking about soaring yields, soaring Bitcoin and soaring gold prices as Trump trades. (Source: Bloomberg)
