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 (-0.79%), $MSOS, $TLRY (+4.55%) down as Florida votes against legalization
- $CVS (-2.65%), $UNH (-1.56%) : Health insurers rally on potential easing of Medicare Advantage pressures
- $XLE (-0.21%) , $XOM (+0.22%): Energy stocks higher, anticipating fossil fuel support and less regulation
- Solar/Renewables: Pressure on $FSLR (-5.23%), $SEDG (-10.6%), EV, hydrogen, and battery stocks as clean energy subsidies could be rolled back
- Crypto: Higher as Trump holds a favorable stance, $BTC (-0.46%) strong
- $TSLA (-6.59%): 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 (-2.99%), $AFRM (+4.68%) , $SQ (+5%), $SOFI (-1.98%) responding positively
- Dollar: Stronger due to pro-business policies
- $META (+0.4%), $SNAP (-5.53%): Mixed as TikTok ban concerns ease
- Overall: Dollar, crypto, energy, banks, and U.S. stocks higher; bonds, renewables, and cannabis under pressure.