U.S. stocks soared yesterday after Donald Trump’s decisive victory in the presidential elections. Leading indices, including the S&P 500 Index ($SPX), the Nasdaq Composite Index ($NASX), and the Dow Jones Industrial Average Index ($DOWI) all set record highs – and so did Bitcoin (BAX24), given Trump’s pro-crypto views.
The price action after Trump’s victory followed along expected lines, with steel names rising sharply amid hopes of tariffs on steel imports. Green energy stocks crashed, with the notable exception of Tesla (TSLA), whose CEO Elon Musk was perhaps among the key architects of Trump’s victory.
