Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan

If the “Trump trade” plays out in a similar way to 2016, there should be higher U.S. Treasury yields, a stronger dollar, U.S. stock market outperformance, in particular banks, and tighter credit spreads, JPMorgan said. This shift has not happened yet, with only a small move higher seen in these markets.