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 (-2.33%), $MSOS, $TLRY (-5.26%) down as Florida votes against legalization
- $CVS (-4.46%), $UNH (-2%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (-8.34%) , $XOM (-6.83%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (-5.32%), $SEDG (-4.8%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-1.37%) strong
- $TSLA (-9.97%): 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 (-9.32%), $AFRM (-8.34%) , $SQ (-6.52%), $SOFI (-9.67%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (-4.44%), $SNAP (+2.22%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.