INITIAL MARKET REACTION TO TRUMP VICTORY:

• U.S. Stocks: Broadly higher across sectors
• $XLF: Big banks higher on expectations of regulatory relief, M&A growth
• Cannabis Stocks: $WEED (+3.64%), $MSOS, $TLRY (+2.44%) down as Florida votes against legalization
• $CVS (+1.08%), $UNH (+0.11%) : Health insurers rally on potential easing of Medicare Advantage pressures
• $XLE (+1.41%) , $XOM (+2.11%): Energy stocks higher, anticipating fossil fuel support and less regulation
• Solar/Renewables: Pressure on $FSLR (-0.62%), $SEDG (-0.68%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
• Crypto: Higher as Trump holds a favorable stance, $BTC (+0.28%) strong
• $TSLA (+0.05%): Higher after Trump Win as Musk was all-in on support
• Bonds: Weaker, with yields rising on fiscal concerns
• China Stocks: Weak as tariff pressures and anti-China policy concerns grow
• Peso/Mexican Equities: Weaker on aggressive trade policies and tariffs fear
• FinTech: Higher with $HOOD (-1.6%), $AFRM (+5.42%) , $SQ (+3.97%), $SOFI (+3.84%) responding positively
• Dollar: Stronger due to pro-business policies
• $META (-0.47%), $SNAP (+0.99%): Mixed as TikTok ban concerns ease
• Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.