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 (-1.59%), $MSOS, $TLRY (+3.33%) down as Florida votes against legalization
- $CVS (-0.76%), $UNH (-6.62%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (-1.77%) , $XOM (-2.24%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (-2.03%), $SEDG (-2.09%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-2.02%) strong
- $TSLA (-3.15%): 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 (-3.8%), $AFRM (-2.81%) , $SQ (-2.05%), $SOFI (-2.09%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (-1.71%), $SNAP (-0.73%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.