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After Trump's victory, the volatility plummeted, and algo funds are expected to buy $50 billion of US stocks on a large scale.
Trump winning the US presidential election triggered a surge in the stock market, triggering a buy signal for rule-based investment funds, which is expected to fuel this upward trend. Before the election on Tuesday, Wall Street had been preparing for the risk of market volatility after the vote. However, on the contrary, Trump's decisive victory pushed the fear index VIX to its second largest single-day drop since 2021, while the S&P 500 index surged by 2.5%. This forced systematic-oriented funds to rebalance by buying stocks, thus creating a technology-driven feedback loop that increased the strength behind the stock market rally. 'The year-end rally begins today, and it may be strong.'
During the 'Trump trade' all-night revelry: which records are being broken?
With Trump reclaiming the White House, a series of 'Trump trade' activities in the global financial markets on Wednesday undoubtedly plunged into an all-night celebration; Many investors quickly picked up many profitable strategies from 2016. From the trend of the market, this time various market sectors seem to be even more 'crazy' than in 2016...
What Trump's Victory Means for 60/40 Investors -- Barrons.com
Overnight news: US stocks closed higher, Biden congratulates Trump on winning, Musk's net worth increased by $20.9 billion, Wall Street cuts bets on the Fed cutting rates.
For more global financial news, please visit 24/7 real-time financial news market closing: after the election, the US stocks reached a historic high, with the Dow rising over 1500 points. The top 20 US stocks traded on November 6: Tesla surged by about 15%, Musk's net worth skyrocketed by 20.9 billion US dollars. On Wednesday, most popular China concept stocks dropped, with Taiwan Semiconductor down 1.3% and Nio Inc. down 5.3%. US WTI crude oil slightly declined on Wednesday, investors are concerned about the election's impact, while spot gold fell by 3.1% to below 2660 US dollars. Major European stock indexes closed mostly lower, with the German DAX30 index falling by 1.09%. The spokesperson for the Ministry of Foreign Affairs commented on the US presidential election results.
Market Prices in Trump Victory with Index Records | Wall Street Today
Goldman Sachs Options Spot-On: On November 6th, 79,884 Contracts Were Traded, With 264.27K Open Interest