The dollar broke out to the upside. The climb of the greenback, that had started immediately after the Trump’s victory early last month, has now reached important historic levels.

The sharp rally that has started at the beginning of November in the equity markets is still running even if a bit tired after six weeks. Not all the sectors performed the same, this is normal, but the differences in this bullish wave have been particularly strong.

“Robots for economic growth, improved quality of life and empowerment of people”: this is the statement that opens the 2016 report titled: “A Roadmap for US Robotics – From Internet to Robotics”

They call it the Trump effect, the sharp and mostly unexpected rebound that, from the lows of early November, gave a boost to the equity markets worldwide. Not all the markets reacted the same and the swings were also influenced by volatile currencies. Just think at the big correction of the Japanese yen that dropped more than 10% against the Greenback in a few days.

The rise in the U.S. interest rates is a major concern for the financial community. The leading topic is structural: return of inflation and a Central Bank far less dovish than before. Furthermore, the Trump election and his proposals to cut taxes and boost spending via tax credits on infrastructure has fuelled strong reactions in the bond market.

The price of gold was expected to benefit from the surprise Trump win, and it did immediately after, with a jump towards the September high near 1340 dollars per ounce. The rally lasted just three hours, then the course reversed and the former downtrend resumed with a sharp fall below the 1250 mark.

Why, then, the sentiment that had pushed higher what is considered as a safe haven, turned to bearish so fast? The projected investments in infrastructure promised by Trump, sparked purchases of industrial metals, bonds yield went up, and so the dollar, not a friendly environment for gold.

Technology is increasingly dominating every sector of the economy. There are many published studies about the importance of technology for the next years. Accenture Technology R&D published this year a report where it is highlighted that according to their global technology survey of more than 3.100 IT and business executives, 86 percent of the executives anticipate that the pace of technology change will increase rapidly or at an unprecedented rate in their industry over the next three years

October is over and the next two months will mark the conclusion of this election year but, above all, the end of one of the nastiest presidential campaigns in the U.S. history. A glance at the statistics reveals that the election year is usually favorable to Wall Street, even if not an easy journey most of the times.