Navnoor Bawa

Navnoor Bawa

How Chris Rokos Made $1 Billion in a Single Day: Deconstructing the Trump Trade

The mechanics behind one of 2024's most profitable hedge fund trades

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Navnoor Bawa
Sep 15, 2025
∙ Paid

Bottom Line Up Front: Chris Rokos generated nearly $1 billion in profits on November 6, 2024 by positioning his macro hedge fund for the market dislocations that would follow Trump's election victory. The trade worked because Rokos correctly anticipated how Trump's policy agenda would drive simultaneous moves across bonds, currencies, equities, and cryp…

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