These are just a few examples of a complex analytical problem: The Trump victory may well be associated with a rising stock market because the market gains in most presidential administrations, but it isn’t a win-win for the markets. There are endless complications internationally, too, but let’s save that for another day.

Each day that passes since the election seems to expand the definition of the Trump Trade. On Thursday, president-elect Donald Trump made two unrelated announcements that moved two disparate corners of the stock market.

The stock market rally takes a breather. Now it’s at the mercy of the bond market as investors weigh Donald Trump’s economic plans and what they mean for interest rates.

Currency traders are betting that Donald Trump’s policy agenda is about to jumpstart volatility in the $7.5 trillion-a-day foreign exchange market.After years of benign moves, a gauge of one-year volatility on the euro-dollar exchange rate surged after the election.

Currency traders are betting that Donald Trump’s policy agenda is about to jumpstart volatility in the $7.5 trillion-a-day foreign exchange market.Most Read from BloombergTrump Promises Could Have Sei