4E: The "Trump Deal" hits a climax, with U.S. stocks and cryptocurrencies hitting record highs
On November 7, it was reported that the U.S. election ended with Trump announcing his victory. The "Trump Deal" set off a climax in the capital market, with funds accelerating to winners who are expected to benefit from Republican policies and selling expected losers. According to 4E monitoring, the three major U.S. stock indexes hit record highs on Wednesday. The S & P 500 index rose 2.5%, the largest increase in history after the election. The Dow rose 3.57%, the largest increase in two years. The Nasdaq closed up 2.95%, most technology stocks rose. Tesla's share price soared nearly 15% overnight to the highest level since July 2023. Trump Media Technology (DJT), prison stocks, cryptocurrency concept stocks, banking stocks, and energy stocks collectively surged. The photovoltaic and new energy sectors closely related to the "Harris Concept of Winning Election" were defeated across the board. Trump's victory triggered a currency circle craze. Cryptocurrencies surged across the board. Bitcoin also hit a record high amid the surge, rising to US$76,400. As of press time, Bitcoin was quoted at US$75,400, up 6%, and Ethereum was quoted at US$2,817, up 13.63%. The US dollar index rose above 1.6% and stood at 105, reaching its highest in nearly four months. All other currencies were under pressure. The yen fell above 1.9% to its lowest in three months. The offshore RMB fell to near 7.2 for the first time in more than three months. The euro fell above 1.8% towards its worst day in more than four years and its lowest in more than four months. U.S. oil fluctuated lower. Affected by the U.S. EIA crude oil supply hitting a new high since August and the strengthening of the U.S. dollar, oil prices fell more than 3% under pressure and then narrowed to more than 0.4%. Spot gold fell sharply. Due to the strengthening of the US dollar and potential tariff policies that could raise inflation and stall the Federal Reserve's interest rate cut, spot gold hit its biggest one-day decline in five months. U.S. stocks fell more than 3% in the late session and fell below US$2660 to a three-week low. The U.S. election ended with the victory of the Trump camp. Global markets are engaged in a game against the "Trump 2.0 era" and are beginning to bet on both economic growth and inflation. Investors are highly focused on tonight's Federal Reserve's monetary decision and Powell's speech. ee.com is a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets. It recently launched the USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential safe-haven options. 4E reminds you to pay attention to market volatility risks and rationally allocate assets.
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