QQQs +2.65% as vol fell and investors re-grossed up following the election win. VIX -20%+. BTC +10% as Trump seen as pro-Bitcoin. Treasuries fell as yields rose 8-15bps across the curve but pared the worst of their declines. IWM +6% outperformed on the day along with ARKK +8%. Crude finished flat. DXY +165bps and Copper tumbling 460bps on USD strength. A lot of names today reacted as you would expect given Trump win - not a ton of surprises out there. Risk on as Nov 2nd best month of the year, investors re-grossing now that electoin is over, entering seasonally strong 2 months of the year, and disinflation/resilient growth narrative continues…reminder we get Fed tomorrow.
Getting this one out early a bit as we have some earnings post-close. Let’s get to it…
Internet
GOOGL +4% as Trump DOJ seen as more friendly
AMZN +3% driving hard past $200 as volumes 120%+ above average. Doesn’t look like Bezos selling stopping this train…
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