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 (+7.89%), $MSOS, $TLRY (-6.52%) down as Florida votes against legalization
- $CVS (-0.13%), $UNH (+0.63%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (+1.11%) , $XOM (+2.32%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (+1.03%), $SEDG (+8.74%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-0.88%) strong
- $TSLA (-1.34%): 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 (+5.82%), $AFRM (-1.33%) , $SQ (+1.08%), $SOFI (+0.21%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (-1.77%), $SNAP (+0.01%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.