# Market shrugs off losses and brings on the 'Trump trade'

> US stocks rebounded sharply after steep overnight futures losses, with the Dow rising more than 250 points on heavy volume. The dollar jumped and the Mexican peso fell another 8 percent to record lows as markets focused on Trump's proposed infrastructure spending and tax cuts.

- Date: 2016-11-09 · published 2016-11-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/8181-market-shrugs-off-losses-and-brings-on-the-trump-trade
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A record-low peso sharply raises the cost of imported US feed ingredients for Mexican livestock producers. The stronger dollar also pressures US commodity prices in dollar terms.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2016-11-09 | 1 | +1.2% | 3.9 | Same-day report of the dollar jumping as markets priced in Trump's fiscal stimulus and tax cuts, with the peso at record lows, confirming the broad USD strength. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-11 | [Bets on Trump loosening purse strings spark global reflation trades](https://feedsoft.ai/events/8176-bets-on-trump-loosening-purse-strings-spark-global-reflation-trades.md) | +1.4% | +0.8% |
| DXY | 2021-02-26 | [The U.S. Dollar's Bond Market Bust-Up from a Trade-weighted Angle](https://feedsoft.ai/events/10597-the-u-s-dollar-s-bond-market-bust-up-from-a-trade-weighted-angle.md) | +0.7% | +1.9% |
| DXY | 2025-01-24 | [Bond Market Selloff and Trump Concerns \| Global Banking & Finance Review](https://feedsoft.ai/events/12679-bond-market-selloff-and-trump-concerns-global-banking-and-finance-review.md) | -0.1% | -0.8% |
| DXY | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.4% | +2.0% |
| DXY | 2021-02-22 | [Timing the Tantrum: The market implications of a big Treasury sell-off \| articles \| ING THINK](https://feedsoft.ai/events/48544-timing-the-tantrum-the-market-implications-of-a-big-treasury-sell-off-articles.md) | +1.0% | +1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/09/market-shrugs-off-losses-and-brings-on-the-trump-trade.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.