Yahoo TV

STORY: :: Lisa Bernhard, Reuters

:: Anna Rathbun, Chief Investment Officer, CBIZ Investment Advisory Services

Crypto stocks, gun stocks and shares of other companies that could benefit from a Trump presidency jump in what investors have nicknamed a Trump trade.

Speaking with Reuters' Lisa Bernhard, Rathbun described how the Trump trade first appeared after the former real estate mogul turned reality TV star unexpectedly won the 2016 presidential election.

"What we saw was a rally of small caps, rally of value-oriented stocks and yields going up," she said. "From a stock market perspective, we would call that a junk rally. So this is not based on fundamentals at all. And that is sort of what we saw after the assassination attempt earlier this month."

She added that it was difficult to know if the most recent rally was "a pure Trump trade" given that it came on the heels of "a soft CPI number that had the markets expecting a Fed [rate] cut in September."

Rathbun also wondered whether Trump, who headlines a bitcoin conference on July 27, will indeed be supportive of the cryptocurrency if he serves a second term.

"I understand that he is accepting donations in cryptocurrency, so if you were a presidential candidate, you might have reasons to support that," she said before warning that those donations could be subject to the cryptocurrency's volatility.

Rathbun also parsed the week's economic reports, including the latest inflation and GDP data.