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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%.
Futu Morning Post | Trump's trades sweep the market! Three major indices hit historical highs together; with the election settled, Wall Street adjusts down the expectations for Fed rate cuts.
First European Central Bank official to speak out after Trump's victory: closely watching, inflation may face huge impact; mortgage rates soaring along with US bonds, reaching the highest level since early July this year; jefferies financial: the pace of implementation of Trump's policies will dominate the future trend of the US dollar.
Express News | usa Philadelphia Banks Index surged nearly 9%, wells fargo & co rose nearly 13%
Before the USA election, the top five busiest trades.
The 10-year U.S. Treasury yield has rebounded by about 70 basis points from the recent low, while the U.S. dollar has also rebounded by 3.3% from its low point. Bitcoin fell after hitting a historical high last week, with bank stocks and clean energy stocks rising and falling by about 5% respectively in the past month, but both reversed course on Monday. DJT has risen over 180% since its low point.
Banks' stock increase signals the direction of the election? Trump's lead signal is emerging.
With the election approaching, stocks of major banks such as jpmorgan and wells fargo & co are showing strong gains. Analysts believe that this momentum may indicate that Trump has a slight edge in the election.
The Election Is Big Stakes For Small Banks -- Barrons.com