You know when you think about it, it probably makes sense to go long gold in a Trump administration.
I mean really, that should be the most crowded trade of the year.
To hell with long USD and short Treasurys, we should all be long shiny doorstops -“bigly”.
And no, not because Trump’s going to bring about the apocalypse, but because what the hell else would you be long if not gold when this guy runs the world?…
Anyway, in yet another vivid example of the disconnect between complacent equity markets (as measured by the VIX) and everything else, have a look at the following from BofAML: