[[{“value”:”Market up like crazy (especially small caps), 1. Freddie Mac (FMCC) and Fannie Mae (FNMA) stocks just gained 35% and 30% respectively on the 2024 election news https://x.com/Jon_Hartley_/status/1854278771546968569 2. Retail, solar and cannibis stocks all down. https://x.com/Jon_Hartley_/status/1854286070000861638 While the overall stock market today gained on election news of market friendly regulatory and tax policies in the
The post More market price reactions appeared first on Marginal REVOLUTION.”}]]
Market up like crazy (especially small caps),
1. Freddie Mac (FMCC) and Fannie Mae (FNMA) stocks just gained 35% and 30% respectively on the 2024 election news
https://x.com/Jon_Hartley_/status/1854278771546968569
2. Retail, solar and cannibis stocks all down.
https://x.com/Jon_Hartley_/status/1854286070000861638
While the overall stock market today gained on election news of market friendly regulatory and tax policies in the coming Trump Admin and Republican Senate & House (S&P500 +2.53%, Russell 2000 +5.84%), retail stocks, solar stocks and cannabis stocks all declined today amidst expectations of new tariffs, receding green energy subsidies, and failed cannabis legalization: Retail stocks: DLTR -6.5%, DG -5.1%, NKE -3.4%, YETI -3.0%, FIVE -9.9% Solar stocks: RUN -29.6%, SEDG -22%, ENPH -17%, FSLR -10% Cannabis stocks: CURA -30%, CGC -21%, TLRY -13%, CRON -7.1%
That is from Jon Hartley.
The post More market price reactions appeared first on Marginal REVOLUTION.
Current Affairs, Uncategorized
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