Investors are betting that Donald Trump will be president again.Getty ImagesMarkets are moving on early US election results that favor Donald Trump.US Treasury yields and the dollar are rising, with futures and cryptocurrencies also gaining.The moves reflect the expected impact of Trump's policies. Markets are turning to the Trump trade on election night as betting odds move in favor of Republican candidate and former President Donald Trump.While the election is far too early to call, online betting sites, including PredictIt and Polymarket, show Trump ahead in the race for the top job.This turn in sentiment supported the so-called Trump trade, which is predicated on corporate tax cuts and significant deficit spending, as well as hawkish trade and foreign policy, Kyle Rodda, a senior market analyst at Capital.com, said in a note on election night."Deeper deficit spending implies stronger US growth, higher corporate profits (juiced by tax cuts), higher levels of debt, greater Treasury issuance, and marginally higher inflation," wrote Rodda."This dynamic draws investors into equities, especially 'old' or 'real' economy companies in the industrials, financials, materials and energy sectors, with the Dollar rising because of higher rates and upward pressure on yields from higher inflationary pressures and debt issuance," he added.US Treasury yields rose across the board on Tuesday night as investors view a second Trump presidential term as an inflationary event.