Market Surge Post-Election: Analyzing a Historic Day
In this episode of Dividend Cafe, Brian Szytel reports on a significant market surge following the presidential election on November 6th. The Dow rose by 1,508 points, while the S&P and Nasdaq also saw considerable gains. This increase occurred due to a strong turnout on the Republican side, with Donald Trump winning the Electoral College and potentially securing the 47th presidency. The market saw sectors like financials and industrials flourish, whereas interest-rate-sensitive sectors lagged. Brian also previews upcoming economic data and FOMC meeting outcomes expected to influence the market.
00:00 Introduction and Market Overview
00:23 Election Results Impact on Markets
01:41 Sector Performance Analysis
02:17 Upcoming Economic Events
02:59 Conclusion and Sign Off
Links mentioned in this episode: DividendCafe.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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