US stocks post best performance after election! How did Wall Street 'crazily respond' to Trump's victory last night?
The market is currently more focused on the positive aspects of the Trump agenda, rather than paying too much attention to potential tariffs and broader policy outcomes. The 'animal spirits' are thoroughly ignited.
The dust has settled on the general election! Wall Street reduces bets on the Fed cutting interest rates and increases bets on the European Central Bank cutting interest rates.
After the results of the USA presidential election were announced, jpmorgan, Nomura, and other Wall Street giants lowered their bets on the Fed cutting interest rates next year. Meanwhile, based on the negative impact on the economy, Goldman Sachs raised expectations for future interest rate cuts by the European Central Bank. The market also shares a similar view.
U.S. stocks closed | The three major indexes surged violently, hitting record highs together! The 'Trump trade' swept the market, with Tesla soaring nearly 15%.
Dow Jones posted its best two-year gain, small cap index rose nearly 6%, banks index surged over 10%, oil, steel, and crypto stocks soared, while European and American solar stocks all plunged, Trump's media technology surged nearly 35% before closing up by about 6%.
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.
Transaction volume TOP20 | Tesla, the first place, surged nearly 15%, with a transaction volume exceeding $47 billion; Amazon rose nearly 4%, its stock price reached a new high, with a transaction volume exceeding $34.8 billion.
On Wednesday, Tesla ranked first in trading volume on the US stock market, soaring by 14.75%, with a trading volume of 47.022 billion US dollars. Nvidia, the second place, rose by 4.07%, with a trading volume of 34.871 billion US dollars. Amazon, ranking third, rose by 3.80%, reaching a new all-time high in stock price, with a trading volume of 14.781 billion US dollars.
With Trump in office, what will Powell do? Rate cut or slowdown, the next Fed chairman candidate calls for neutrality in leadership.
The most direct way Trump affects the Federal Reserve is by nominating Fed governors. Over the next four years, he can nominate successors to Powell and Vice Chair Quarles. The media reports that Trump may nominate Hassett, his former chief economic advisor during his presidency, as the next Fed chair. If the Fed's vice chair for financial supervision, Randal Quarles, resigns soon, he may directly influence the Fed's financial supervision, even if he cannot directly affect monetary policy.