The so-called Trump trade is back in action as investors look to Inauguration Day. Banks and energy stocks are once again among the names driving the gains. The S & P 500 is on track for its best week since November’s presidential election took place. That’s put the gas back on for the market rally tied to Donald Trump’s victory, which saw gains dissipate at points in December and January amid rising rates. As of Thursday’s close, the S & P 500 has gained about 2.7% from where it ended on Election Day. With that, this cycle on track to see the worst performance for the S & P 500 between a presidential election and inauguration since Barack Obama took office during the Global Financial Crisis in 2009, according to Bespoke Investment Group. However, this week’s surge showcases the underlying excitement from investors as Trump readies for his second term. Hope of providing business deregulation measures through executive order on Trump’s first day in office has partly bolstered sentiment this week. It’s also helped shift focus away from concerns that tariff or mass deportation plans could reignite inflation . CNBC Pro dissected two key weeks in this period: the week of election and this past week ahead of the inauguration. Through this, CNBC Pro subscribers can see how stocks poised to benefit from Trump’s expected policy positions have already started feeling the love. The chart below features some of the S & P 500 stocks that gained at least 5% during each week. This week’s data is current as of Thursday’s close. Several large banks including Morgan Stanley , Citigroup , Goldman Sachs and Wells Fargo made the list. This week’s gains can be tied to respective earnings reports released over recent days. Still, this group is seen as a major winner of Trump’s expected focus on less oversight. In fact, large banks were among the stocks rallying overnight before the election was even officially called in November. Energy was another sector with multiple names passing the screen given Trump’s preferences for oil and drilling. Targa , EQT , Halliburton , Coterra and Valero were among the names from this sector that jumped in both weeks.
