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📢 Here's the initial stock market reaction Trump victory:
𝗜𝗻𝗱𝗲𝘅𝗲𝘀 S&P 500: +2.1% $SPX $SPY Dow 30: +2.6% $DJI Nasdaq 100: +1.8% $NDX $QQQ Russell 2000: +5.9% $RUT 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗱𝗼𝘄𝗻 👎 Solar Renewable Energy Electric Vehicles (excl. Tesla) Chinese stocks Cannabis 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝘂𝗽 👍 Banks Technology Cryptocurrencies Small caps Most other sectors Source. The Future Investors
📢THE MOST IMPORTANT WEEK OF THE YEAR...
👉 In the US U.S. Presidential Election – Tuesday ISM Services PMI – Tuesday Initial Jobless Claims – Thursday Fed Rate Decision – Thursday U.S. Consumer Sentiment - Friday 👉 In the rest of the world BoE on Thursday In China, the NPC Standing Committee meeting will be closely watched for stimulus signals. 👉Earnings Notable earnings reports include Berkshire Hathaway (was Saturday), Palantir, Qualcomm and Novo Nordisk.
Investors sold the most amount of Treasury Bills in history this week
Source: Bank of America
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