It's just been 4 days since Trump was elected as the new President and he's done what the current term politicians cannot do in 8 years, i.e increase inflation. Trump policies are pro-growth businesses and it is forecast that inflation and interest rates will rise in tandem accordingly. This is probably the main reason why defensive counters like telcos, utilities and reits are getting hammered since Trump won the election and you can see that from my watchlist below. A lot of people are speculating that the drop is due to the possible rate hike in December. I think it's way a lot longer and deeper than that. If you look at how the 2, 10 and 30 years US treasury yields are moving, it's saying a lot on the dynamics of what we are entering as a new environment phase of normalized interest rates. The higher risk free ...