Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Aviation Pro

(13,529 posts)
Tue Nov 12, 2024, 08:06 AM Nov 12

Here there be leopards

Of the face eating variety. 69 days until chaos.

Contracts on the S&P 500 and Nasdaq 100 indexes slipped about 0.2%, while Europe’s Stoxx 600 gauge lost 1%. Tesla Inc., the EV maker seen as a prime beneficiary of a Trump presidency, dropped in premarket trading after a post-election surge that lifted its valuation past $1 trillion. Other so-called Trump trades remained in play, however, with Treasuries falling, the dollar hitting a one-year high and Bitcoin hovering just below $90,000.

The election outcome has taken investors’ US equity exposure to the highest in three years, suggesting the rally could run out of steam, according to Citigroup Inc. analysts. Traders are also pondering the potential for Trump’s economic policies, including trade tariffs and immigration crackdowns, to spur inflation and affect the path for Federal Reserve monetary policy.
Latest Discussions»General Discussion»Here there be leopards