"The Trump trade" reaches a climax, with US stocks and cryptocurrencies hitting historic highs

The U.S. election concluded with Trump declaring victory, and the "Trump Trade" sparked a climax in the capital market, with funds rushing towards winners expected to benefit from Republican policies and selling off anticipated losers. According to 4E monitoring, the three major U.S. stock indexes hit historical highs on Wednesday, among which the SP 500 index rose by 2.5%, marking the largest increase after Election Day in history; Dow Jones Industrial Average increased by 3.57%, marking its biggest gain in two years; Nasdaq Composite Index closed up by 2.95%. Most tech stocks rose, Tesla's share price soared nearly 15% overnight reaching its highest level since July 2023; DJT Media Tech (DJT), prison stocks, cryptocurrency concept stocks, bank stocks and energy stocks all surged significantly while photovoltaic and new energy sectors closely related to "Harris winning concept" suffered a complete defeat.

Trump's victory triggered a boom in cryptocurrency circles as cryptocurrencies across the board skyrocketed with Bitcoin hitting an all-time high during this surge at one point rising to $76,400 USD. As of press time Bitcoin was trading at $75,400 USD up by about six percent while Ethereum was trading at $2817 USD up by about thirteen point sixty-three percent.The dollar index rose more than one point six percent above one hundred five reaching its highest level in nearly four months putting pressure on other currencies: The yen fell over one point nine percent to a three-month low; offshore yuan fell for first time over three months near seven point two; Euro dropped more than one point eight percent heading towards worst day over four years falling lowest it has been for more than four months.

U.S oil fluctuated lower due to record-high U.S EIA crude supply since August and strong dollar causing oil prices under pressure dropping over three percent before narrowing down losses exceeding zero-point-four-percent . Spot gold plummeted due to strong dollar and potential tariff policies that could raise inflation causing the Federal Reserve to halt interest rate cuts, spot gold recorded its largest single-day drop in five months. U.S stocks fell more than three percent at close below two thousand six hundred sixty dollars reaching a three-week low. The U.S election ended with Trump's camp victorious as global markets are unfolding bets on "Trump 2.0 era" starting to bet on economic growth and inflation rising together; investors are highly focused on tonight's Federal Reserve monetary decision and Powell's speech.