The Market Brief
Hey team, US stocks and the dollar rallied as Donald Trump’s victory in the US presidential election sent shockwaves through global markets.
Let’s recap yesterday’s session and see what’s next!
Impact Snapshot
S&P 500 & Dow futures at record highs as Trump elected US president.
Macro Viewpoint
Futures tied to the S&P 500 and the Dow hit record highs in a sharp rally on Wednesday after Republican Donald Trump reclaimed the U.S. presidency, marking his return four years after he was voted out of the White House.
Shares of banks, cryptocurrency companies, and energy firms saw strong gains, while renewable energy stocks declined.
The Republican Party also took control of the U.S. Senate and made early progress in its effort to retain control of the House of Representatives.
Later today, the Federal Reserve will begin its two-day meeting, with expectations that the central bank will reduce its benchmark interest rate by 25 basis points.
