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Trump’s Return Triggers Historic Market Rally (Weekly Cheat Sheet)
November 11, 2024
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The markets exploded with activity after Donald Trump’s unexpected victory over Kamala Harris in the presidential election. The Dow Jones rocketed past 1,500 points – a surge I haven’t seen since the post-COVID recovery. The Russell 2000 jumped 5.8%, while the S&P 500 marked its best post-election performance ever with a 2.5% gain. Treasury yields did their own dance, with the 10-year settling at new levels as investors digested the election results. I watched bond traders scramble to reposition their portfolios – reminded me of my early days on the trading floor when cell phones were the size of bricks. How Trump Can Fix The Economy & Inflation The U.S. faces ...
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