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 (-2.95%), $MSOS, $TLRY (-1.5%) down as Florida votes against legalization
• $CVS (-1.57%), $UNH (-6.99%) : Health insurers rally on potential easing of Medicare Advantage pressures
• $XLE (-1.76%) , $XOM (-0.71%): Energy stocks higher, anticipating fossil fuel support and less regulation
• Solar/Renewables: Pressure on $FSLR (+0.52%), $SEDG (-0.98%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
• Crypto: Higher as Trump holds a favorable stance, $BTC (-1.05%) strong
• $TSLA (+4.09%): 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 (-3.76%), $AFRM (+4.41%) , $SQ (-0.81%), $SOFI (-3.11%) responding positively
• Dollar: Stronger due to pro-business policies
• $META (-0.1%), $SNAP (-0.43%): Mixed as TikTok ban concerns ease
• Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.