Photo by: Scottsdalemint

Congratulations to the 47th United States of America President-elect, Donald J. Trump, voted to become the 22nd president in its history to ever serve two terms and the 6th president to serve those terms inconsecutively. World leaders, including those from Israel, Ukraine, the U.K., France, and Italy, congratulated President-elect Donald Trump on his election victory, hailing it as a significant moment for international alliances. Leaders expressed hopes for strengthened partnerships, with Ukraine’s Zelenskyy, Israel’s Netanyahu, and others highlighting Trump’s prospective on global peace, democracy, and economic ties. His opponent, Kamala Harris, who showed grace in defeat, called to congratulate, insisting on the "importance of a peaceful transfer of power and being a president for all Americans," according to CNN. Vice President-elect JD Vance expressed his gratitude to Trump for believing in him to serve the country at that level. President-elect Trump will be sworn in January 25th next year and inaugurated as President.

EQUITY
Trump's return to the White House surprised the stock markets that shot to all-time highs as investors bet big on his business-friendly policies, sending the S&P 500 up a massive 2.5%, followed by Dow and Nasdaq at 3.6% and 2.7%, respectively. Banking were the day's biggest winners, while Tesla soared nearly 15% considering Elon Musk was among the prominent Trump supporters. The small-cap index Russell 2000 climbed almost 6%, looking to benefit from Trump's "America First" approach and possible new tariffs on imports.

GOLD

Gold prices went on a free fall, diving 3% lower as the market perceived Donald Trump's presidential election victory as pro-growth. It marked its biggest one-day drop in dollar terms since June 2021, wiping out about $85 per ounce in a single session. Looking back, gold had actually been riding high with no significant technical pullbacks, hitting a record of $2,790 late October. Still, the metal is up nearly 30% this year alone, with prices bouncing back slightly in the early Asian session on Thursday as some investors jumped in to buy the dip.

OIL

Oil prices Initial reaction to the Trump presidency sent oil over $2 lower as the dollar jumped to four-month highs, but prices bounced back as investors started factoring in Trump's likely tough stance on Iran and Venezuela. Market watchers think Trump might bring back his "maximum pressure" sanctions on Iranian oil, which could take up to 1 million barrels per day off the market, though getting China to stop buying Iranian oil would be tricky. Adding to the market mix, Hurricane Rafael shut down about 17% of Gulf of Mexico production, while U.S. crude stockpiles added 2.1 million barrels.

CURRENCY

The dollar hit a four-month high after Donald Trump's win in the US presidential election sent markets into high gear. Trump's planned policies on immigration, tariffs, and tax cuts could pump up US growth and inflation, making it harder for the Federal Reserve to cut interest rates. The euro took a hit on the basis of potential new tariffs on European trade. Markets are now thinking the Fed might need to slow down its rate-cutting plans, with the odds of a December rate cut falling to 70%. Trump's stance on crypto helped propel Bitcoin to jump to all-time highs of $76,481.