No Data
US Stocks Digging for Gold | The six major Wall Street banks are all soaring! JPMorgan Chase, Goldman Sachs, Wells Fargo & Co set new highs; Trump strongly supports cryptos! Coinbase surged over 30% overnight.
Elon Musk emerges as the big winner after the election! Tesla surged nearly 15% last night, reaching a new high in nearly a year.
After Trump's victory, the volatility plummeted, and algo funds are expected to buy $50 billion of US stocks on a large scale.
Trump's victory in the US presidential election triggered a surge in the stock market, triggering a buy signal for rule-based investment funds, which is expected to further fuel this upward trend. Prior to the election on Tuesday, Wall Street had been preparing for the risk of market volatility post-voting. However, Trump's decisive victory had the opposite effect as it pushed the fear index VIX to the second largest single-day decline since 2021, while the S&P 500 index surged by 2.5%. This forced systematic funds to rebalance by buying stocks, creating a technically driven feedback loop that added to the strength behind the market rally. The year-end rally is set to begin from today and could rise further.
Express News | Goldman Sachs maintains a 12-month target of 6300 points for the s&p 500 index.
Direct hit usa election | Trump officially announced to win the USA election.
The 2024 US presidential election will officially vote on November 5, kicking off a critical battle that will determine the future direction of the United States.
Trump's victory sparked a frenzy of rotation in US stocks: bank stocks soared, stock indices rose by more than 10%, energy stocks surged, and photovoltaic stocks collapsed.
Benefiting from expectations of relaxed financial regulation, major US banks such as Goldman Sachs, JPMorgan, and Morgan Stanley all rose by more than 10%; renewable energy stocks plummeted, with solar energy stocks like Sunrun falling by at least 10%; Bitcoin hitting a record high drove up the overall crypto concept stocks, with the largest US crypto exchange Coinbase closing up by 31%.
USA Election: The overall situation is settled, what lies ahead?
Trump leads in all 7 swing states. The Republican Party controls the Senate and is highly likely to control the House of Representatives. Such a significant lead indicates a rightward shift in the American political spectrum, with Republican political influence rising. American society may once again shift from 'pursuing fairness' to 'pursuing efficiency.'