3 days after the US election, small US companies are doing best (+6.14% in three days), of course they have the opportunity to benefit the most from Trump's policies.. And gold is doing the worst (-2.14%).. just maybe because Trump prefers cryptocurrencies... Bitcoin is +9.82% in 3 days.
European (-1.40%) and Chinese (-1.33%) stocks are also doing poorly. Europe and China may face some economic problems due to Trump's trade policy...
The difference between American companies (+3.70%, S&P500) and non-
American companies (-1.05%, MSCI ACWI ex-US) is also interesting!
Below are the returns of selected indices from November 5 (close) to November 8 (close):
Russell 2000: +6.14%
Mag7 (market cap weights): +4.98%
Nasdaq100: +4.40%
S&P500: +3.68% (see Figure 1)
iShares Core S&P500 ETF total return: +3.70%
iShares MSCI ACWI ex US ETF total return: -1.05% (see Figure 2)
---
WIG30: +2.80%
WIG20USD: +1.78%
Hang Seng: -1.33% (see Figure 3)
---
Nikkei 225: +2.67%
Euro Stoxx 50: -1.40% (see Figure 4)
---
Bitcoin: +9.82%
Gold: -2.14% (see Figure 5 and 6)
Comments