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 (-10.4%), $MSOS, $TLRY (-6.13%) down as Florida votes against legalization
• $CVS (+1.72%), $UNH (+2.26%) : Health insurers rally on potential easing of Medicare Advantage pressures
• $XLE (+0.4%) , $XOM (+0.64%): Energy stocks higher, anticipating fossil fuel support and less regulation
• Solar/Renewables: Pressure on $FSLR (-1.8%), $SEDG (+1.38%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
• Crypto: Higher as Trump holds a favorable stance, $BTC (-0.07%) strong
• $TSLA (-3.51%): 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 (+0.2%), $AFRM (+0.96%) , $SQ (-1.59%), $SOFI (-1.98%) responding positively
• Dollar: Stronger due to pro-business policies
• $META (-1.58%), $SNAP (+0.66%): Mixed as TikTok ban concerns ease
• Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.