Small Caps, Financials Rally As Bitcoin Blasts Past $85,000: What's Driving Markets Monday?

The “Trump-related everything rally” reignited across markets on Monday, with heightened focus on last week's top performers like small caps, financials, Tesla Inc. (NASDAQ:TSLA), and cryptocurrencies, all surging as the new trading week began.

The Russell 2000 Index outperformed major large-cap indices, nearing a retest of its all-time high from November 2021.

Financials shone brightest again, with both large and regional banks posting strong gains. The SPDR S&P Regional Banking ETF (NYSE:KRE) surged 3.9%, reaching levels last seen in August 2022.

Bitcoin (CRYPTO: BTC) also dominated headlines, surpassing the $85,000 milestone and fueling widespread gains across other crypto assets.

Major ...