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 (+3.64%), $MSOS, $TLRY (+2.44%) down as Florida votes against legalization
- $CVS (+1.08%), $UNH (+0.11%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (+1.41%) , $XOM (+2.11%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (-0.62%), $SEDG (-0.68%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (+1.21%) strong
- $TSLA (+0.05%): 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 (-1.6%), $AFRM (+5.42%) , $SQ (+3.97%), $SOFI (+3.84%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (-0.47%), $SNAP (+0.99%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.