Stocks hit record high after election day
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US stocks surged to a record high.
S&P 500 gained 2.5% (biggest day in two years).
Nasdaq gained 3%.
Markets believe Trump’s economic plan will boost stocks and reduce the pace of interest rate cuts.
The Vix fell to 16, it’s lowest level since late September.
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Tesla jumped by 15% due to Elon Musk’s association with Donald Trump.
Banks leapt on hopes of lighter regulation.
Goldman Sachs gained 13%.
Russell 2000 jumps 6%.
A belief that Trump’s tariffs will support smaller American companies the most.
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The US Dollar surges.
Gained the most in three years, appreciating relative to the Euro, Yen, and Pound.
Europe stock market hit hard.
A potential trade war between Europe and the USA further darkens the outlook for an already struggling EU economy.
Chinese and Hong Kong markets fell as well.
