Post-Election Market Reaction: Analyzing Trump’s Impact and Market Moves
A special Daily Editorial with your hosts, Cory Fleck and Shad Marquitz, breaking down today’s market reaction to the US election results.
We discuss the clearer-than-expected election outcomes with Trump winning the presidency, Senate, and House, and how this has created a sense of certainty among investors. The episode covers significant market movements including the rise in the S&P, NASDAQ, Dow, Russell, and Bitcoin, as well as the performance of the U.S. dollar and 10-year yield. We also delve into sector analysis, including the mixed reactions of precious metals, the strong performance of energy stocks, and potential implications for the automotive sector. We close by discussing the broader implications for U.S. dominance and economic trends under Trump’s pro-business stance.
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Gold recently broke out versus the Dow and that breakout has not been threatened.
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24INDU&p=M&yr=11&mn=0&dy=0&id=t5319175965c&a=1819332095&r=1730931556992&cmd=print
Based on monthly closes gold vs Dow is up 39% since 2018.
TSLA hit its highest level since the summer of ’23 but it is technically in much better shape than the major stock indexes so don’t expect it to be a sign of things to come for stocks in general.
https://stockcharts.com/h-sc/ui?s=TSLA&p=W&yr=5&mn=0&dy=0&id=p35564064071&a=1716139328
Monthly Silver looks fine and with 3 weeks left in November there’s plenty of time for it to digest this news and improve.
https://stockcharts.com/h-sc/ui?s=SLV&p=M&yr=16&mn=0&dy=0&id=t9308977928c&a=1359234359&r=1730932288896&cmd=print
Silver peaked just 2 weeks ago at important resistance and on bearish divergences after rising 32% in 10 weeks so it’s a bit silly to read too much into today’s action. Yes it probably would’ve been up had the warmonger WEF puppet won but it still would’ve been noise. It earned the pullback that it is in and the miners are holding up well, not just today but since silver peaked.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=8&mn=11&dy=0&id=p59241790412&a=501194637
Is this a political ………..commentary……. in the mining section…. hummm
Why not post it in the ORPHAN SECTION….. lol……… 🙂
Hi there OOTB – this episode Cory & I did was 100% tied to how the Trump administration and their stated financial initiatives may affect the markets and economy. We discussed what kinds of moves we saw in various market sectors today on the back of the election results.
As we’ve mentioned and discussed many times: If there is a specific point about how political policies are going to affect the markets or the economy, then that relates to the theme of this website.
However if people are just going to dump unrelated posturing on political ideologies and opinions, then that is what the other political page is for, to keep it off these forums. Our show sponsors and most of our readers and listeners here don’t want to see all that clogging up the works here. Yes, politics and geopolitics can affect the markets, but 90% of the political comments people go off on or post on have nothing to do with the economics side of things.
This is the Korelin ECONOMICS Report… afterall. We want to keep these forums more focused around discussions on investing and economics, and free from political back and forth debates and especially political arguments. Hopefully that is common sense. Thanks for your cooperation.
This is like a HOT POTATO……. 🙂
Let us know when the oven is on…….. so we can jump in… lol
No problem here…….
Remember the good old days before people (mostly lefties) cried about mixing politics with investing? I do. Even paid sites succumbed to the anti-intellectual crybabies that hail mostly from the left. MFers can’t handle being challenged because their tyrannical preferences don’t hold up to scrutiny. Doug Casey lamented the phenomenon 20 years ago but back then it was mostly the neocon “right” that did all the complaining. Funny isn’t it since today’s left IS yesterday’s neocon right. They love war and hate free speech.
I’m glad I took some profits on pm stocks last week. Wish I had taken more. Looks like it could be down and to the right for awhile.