# Trump comeback drives gains in US stocks and dollar, Treasuries slide

> Donald Trump's victory in the US presidential election triggered a large rally in the dollar and pushed US stocks to record highs. Bond prices fell as investors priced in expected tax cuts and tariffs on imports.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9517-trump-comeback-drives-gains-in-us-stocks-and-dollar-treasuries-slide
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of tariffs and fiscal expansion strengthen the dollar, which makes US farm exports pricier abroad and tends to weigh on dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2024-11-06 | 1 | +0.9% | 3.6 | Large dollar rally on Trump's victory with Treasury yields rising on expected tax cuts and tariffs. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2022-06-10 | [Stocks slide, dollar gains on hot U.S. inflation data \| Reuters](https://feedsoft.ai/events/7711-stocks-slide-dollar-gains-on-hot-u-s-inflation-data-reuters.md) | +1.5% | +3.7% |
| DXY | 2021-02-26 | [Globals stock slide on inflation fears, dollar gains \| Reuters](https://feedsoft.ai/events/9587-globals-stock-slide-on-inflation-fears-dollar-gains-reuters.md) | +0.7% | +1.9% |
| DXY | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | +0.6% | +4.4% |
| DXY | 2025-08-27 | [AUD/USD slides to near 0.6470 as US Dollar gains, PCE Inflation in focus](https://feedsoft.ai/events/23571-aud-usd-slides-to-near-0-6470-as-us-dollar-gains-pce-inflation-in-focus.md) | -0.0% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/bets-trump-20-winners-losers-whip-up-markets-2024-11-06/

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