EPISODE · Nov 8, 2024 · 44 MIN
EP43: Stocks soar as Trump & Republicans sweep US election
from Bulls vs. Bears · host MPC Markets
US Election Impact: Donald Trump secured a decisive victory in the 2024 U.S. presidential election, defeating Kamala Harris. The Republican Party also made gains in Congress. Markets rallied in response, with key sectors like finance, energy, and defence expected to benefit. Market Movements: Gold initially fell $90 to $2650 after the election but recovered to around $2700 Silver dropped to $31 but rebounded to $32 Bitcoin and other cryptocurrencies rallied, with Dogecoin up 30% Company News: Mineral Resources (MIN): Chris Ellison to step down as managing director following investigation Sigma Healthcare (SIG): ACCC approves merger with Chemist Warehouse ANZ Group (ANZ): Reported cash profit of $6.7 billion, down 8% year-over-year Featured Investment: Buy recommendation for Polynovo (PNV), a medical device company showing strong revenue growth and market expansion. This weekly report provides in-depth analysis of market trends, political developments, and investment opportunities to keep investors informed in a rapidly changing economic landscape.
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EP43: Stocks soar as Trump & Republicans sweep US election
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