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 (-1.53%), $MSOS, $TLRY (-3.6%) down as Florida votes against legalization
- $CVS (+2.33%), $UNH (+1.68%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (-1.3%) , $XOM (-0.58%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (+1.14%), $SEDG (+3.68%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-0.8%) strong
- $TSLA (+1.98%): 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 (+1.52%), $AFRM (+1.53%) , $SQ (-0.86%), $SOFI (+5.06%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (-0.72%), $SNAP (-2.66%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.