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 (+0%), $MSOS, $TLRY (-0.44%) down as Florida votes against legalization
- $CVS (+0.59%), $UNH (+0.8%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (+0.37%) , $XOM (+0.43%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (+0.68%), $SEDG (+0.73%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (+0.91%) strong
- $TSLA (+0.89%): 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 (-0.11%), $AFRM (+1.65%) , $SQ (+0.94%), $SOFI (+2.05%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (+0.48%), $SNAP (+0.94%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.