BUZZ Investing: Election Sparks 'Trump Trade' Rally

Nov. 26, 2024 4:40 AM ETBUZZ, MSTR, COIN, PLTR, GME, TSLA, RBLX, HOOD, APP, AMZN, SMCI, LCID, AMD, CELH, ASTS, MU, BA, NKE, MRNA, VKTX, SOFI
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Summary

  • The US election results fostered a wave of market optimism, contributing to a significant rally across major indices.
  • Adding to the market’s momentum, the Federal Reserve cut interest rates by 25 basis points on November 7, reinforcing an accommodative monetary stance.
  • The BUZZ Index returned 1.32% during the month of October compared to a return of -0.91% for the S&P 500 Index during the same period.

Trump Protest

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Trump's election win spurred market optimism, driving rallies in equities, crypto, and cyclical sector.

The U.S. presidential election on November 5, 2024, proved to be a pivotal event for financial markets during the recent period between index selection

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