GREY CAPITAL · 2024-11-06T12:43:33.515697Z

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

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 (-1.09%), $MSOS, $TLRY (-0.96%) down as Florida votes against legalization
$CVS (-2.27%), $UNH (-0.25%) : Health insurers rally on potential easing of Medicare Advantage pressures
$XLE (-0.62%) , $XOM (-0.16%): Energy stocks higher, anticipating fossil fuel support and less regulation
Solar/Renewables: Pressure on $FSLR (+1.48%), $SEDG (+5.49%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
Crypto: Higher as Trump holds a favorable stance, $BTC (+1.48%) strong
$TSLA (+0.81%): 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 (-1.1%), $AFRM (-1.97%) , $SQ (+0.39%), $SOFI (-2.23%) responding positively
Dollar: Stronger due to pro-business policies
$META (+1.58%), $SNAP (-3.18%): Mixed as TikTok ban concerns ease
Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.