NEWS

Markets Erupt: Dow Futures Up 1,300, Dollar Soars After Historic Trump Three-Peat

Updated: November 7, 2024 at 8:37 am EST  See Comments

This article was originally published by Tyler Durden at ZeroHedge. 

Trump won in 2016, he also won in 2020 (but it was stolen from him thanks to 20 million “vapor” votes which magically failed to make a re-appearance in 2024), and he just won again in a landslide, not just the electoral but the popular vote as well… and boy are markets rocking!

Donald Trump’s victory in the US presidential election has unleashed a shockwave in global markets as traders prepared for unprecedented policy and economic changes under the new administration. Trump’s political comeback sparked a surge in risk assets, sending 30-year Treasury yields and the dollar to their biggest gains since 2020…

… Dow futures soared more than 1,300 points…

…. S&P 500 futures climbed 2.3%…

… and Bitcoin spiked to a record.

Tesla co-founded by Trump’s biggest backer Elon Musk, surged 15% in premarket trading.

From London to Tokyo, investors around the globe grappled with the far-reaching effects of a Trump presidency, which according to Bloomberg “is expected to bring steep tariffs on imported products, worsen trade tensions with China, and increase pressure on Europe to ramp up defense spending.” Apparently, it is also sending risk assets soaring. The Mexican peso – viewed as the anti-Trump trade due to his threats to flood Mexico’s economy with tariffs – fell the most in three months and the euro led losses among Group-of-10 currencies.

“We’ve been talking about this Trump trade for a while. The fairly aggressive market reaction shows that investors didn’t know what to put on, and now they know,” Marvin Loh, senior macro strategist at State Street Global Markets, told Bloomberg TV. “A lot of us will be asking which ones potentially have either a lot more to move or really do not yet reflect the

The remainder of this article is available in its entirety at SHTF Plan

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