'Markets like the pro-Trump world' -wealth advisor

STORY: :: Lisa Bernhard, Reuters

:: Eric Diton, President & Managing Director, The Wealth Alliance

Stocks rallied on Monday on increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt over the weekend.

Shares of gun makers, prison and crypto-related companies, in particular, all rose, as they would most likely benefit from a Trump presidency.

Speaking with Reuters' Lisa Bernhard, Diton said he uses the acronym RITT to summarize Trump's policies: regulation, immigration, tariffs, taxes.

"He wants looser regulation across the board. He wants to crack down on immigration. He wants to put a 10% tariff on everything coming into the country. And, as always, reduce taxes."

But "the biggest concern of a Trump presidency is a reigniting of inflation," said Diton, who points specifically to Trump's tariffs and crackdown on immigration - which could cause a labor shortage - as inflationary.

"My other big concern is, Can we finance another deficit-laden tax cut?" Diton continued. "The first Trump presidency added almost $8 trillion to the debt of the United States. Could we do that again? I don't think so."