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We just got an early warning Trump could threaten the bull market

As Donald Trump claims victory, markets are signalling that his administration could unleash a wave of inflationary pressures. Can stocks keep defying rising bond yields?

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Mike Novogratz, the founder and CEO of $US10 billion ($15 billion) crypto asset manager Galaxy Digital, was sitting in a bar in New York drinking a cocktail with a name he couldn’t pronounce when Chanticleer caught him just hours before vote counting started in the US presidential election.

Novogratz was nervously waiting for the results from North Carolina; as a rusted-on supporter of Kamala Harris, he was hoping that if the vice president could win that battleground state, she could win the whole thing.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/we-just-got-an-early-warning-trump-could-threaten-the-bull-market-20241106-p5kofi