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 (-16.71%), $MSOS, $TLRY (-20%) down as Florida votes against legalization
• $CVS (-0.22%), $UNH (-5.78%) : Health insurers rally on potential easing of Medicare Advantage pressures
• $XLE (-3.23%) , $XOM (-2.64%): Energy stocks higher, anticipating fossil fuel support and less regulation
• Solar/Renewables: Pressure on $FSLR (-4.1%), $SEDG (-9.46%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
• Crypto: Higher as Trump holds a favorable stance, $BTC (+3.03%) strong
• $TSLA (-6.86%): 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 (-9.88%), $AFRM (-9.72%) , $SQ (-8.11%), $SOFI (-10.55%) responding positively
• Dollar: Stronger due to pro-business policies
• $META (-5.02%), $SNAP (-8.55%): Mixed as TikTok ban concerns ease
• Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.