

Dow, S&P 500 and Nasdaq jump to record highs after Trump win. Plus, what the victory means for Tesla 11/6/24
Nov 6, 2024
Sarah Bianchi, an expert from Evercore ISI, shares insights on the economic implications of the recent presidential election. Gene Munster from Deepwater Asset Management analyzes the so-called 'Elon Musk trade' and its potential effects. Phil LeBeau discusses how election results could impact Tesla and the broader electric vehicle market. The trio examines a Wall Street surge, market shifts in banking and technology, and the sustainability of Tesla's stock rally amidst changing regulatory landscapes.
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Market Euphoria
- The stock market surged to record highs after Trump's unexpected win.
- This rally was fueled by hopes of deregulation, infrastructure spending, and tax cuts.
Tariff Troubles
- A second Trump term is expected to bring aggressive tariff policies, impacting specific sectors.
- These policies could affect inflation and growth, prompting Fed action.
Banking on Deregulation
- Bank stocks rallied on deregulation hopes, but higher rates pose challenges.
- Consider selling upside calls on bank stocks instead of chasing the rally.