More market price reactions
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.