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 (-1.87%) down as Florida votes against legalization
- $CVS (+1.75%), $UNH (+0.51%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (-1%) , $XOM (-0.32%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (+2.38%), $SEDG (+4.94%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-0.56%) strong
- $TSLA (+2.49%): 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 (+1.12%), $AFRM (+2.03%) , $SQ (-0.96%), $SOFI (+4.61%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (+0.08%), $SNAP (-1.8%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.