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Trump's election victory is a big boost! Dow futures surged more than 1100 points, Tesla pre-market big pump over 12%
With the Republican presidential candidate Trump breaking through the election threshold, stimulating the 'Trump trade' to strengthen, the US stock market rose across the board before the market, and Trump Media Technology Group rose 47.76% before the market, TSL also benefited from CEO Musk's support for Trump, rising more than 12% before the market. (Previous summary: Trump 'delivers victory speech', BTC Long Wick Candle 73,000 US dollars reverses?)(Background supplement: ETH/BTC falls below 0.035, continues to hit a 3-year low, can't Trump's election save Ethereum?) The official vote counting of the US presidential election has begun, and the Republican presidential candidate Trump has been leading. According to real-time vote counting data from Fox News, Trump has won 277 electoral votes, surpassing the threshold of 270 for victory, defeating Hillary Clinton and winning the White House. Trump also delivered a victory speech earlier. The 'Trump trade' rises significantly as Trump crosses the threshold of victory, and investors' reactions are quite positive. CNBC data shows that Dow Jones Industrial Average futures rose 1,112 points or 2.62% to 43,493 points; S&P futures rose 125.75 points or 2.16% to 5,938 points; Nasdaq futures rose 363 points or 1.78% to 20,704.75 points. The targets of the 'Trump trade' are rising strongly. Trump Media Technology Group rose 47.76% to $50.15 before the market, and TSL also benefited from CEO Musk's support for Trump, rising 12.87% to $283.8 before the market. The US dollar index is strong, briefly rising to 105.326. The US dollar against major currencies recorded the largest increase since 2020. US bond prices saw a big dump, and US bond interest rates rose significantly. The 10-year bond interest rate reached a high of 4.471% today, currently reporting 4.412%. The market is optimistic about Trump's stimulation of US economic growth. Bloomberg reported that although the vote counting has not yet been completed, the market fluctuation has sent a clear signal that investors expect Trump's second term to be similar to his first term, launching a series of policies including tax cuts and deregulation to stimulate economic growth, corporate profits, and inflation. Ed Al-Hussainy, a strategist at Columbia Threadneedle Investment, said: If you have been trading Trump in the past six weeks, you will find it very impressive. The problem is, will this rise trend continue forever? Although investors generally have a positive response, the market fluctuation also issues a stern warning. The surge in US bond interest rates highlights people's concerns that Trump's policies will only further expand the budget deficit and rekindle inflationary spiral. In Wall Street terms, this is pressure from the 'bond vigilantes' on Washington leaders, demanding control of spending. Currently, the long positions of the S&P 500 Index, the Nasdaq 100 Index, and the Russell 2000 Index have increased to about $400 billion, almost double that of two years ago, while short positions have fallen below $100 billion for the first time since 2015. George Saravelos, Global Forex Research Director at Deutsche Bank, said that the more the recent agenda emphasizes tax cuts and deregulation, the more favorable it is for risk assets. However, Ed Al-Hussainy believes that there will be some profit-taking in the Trump trade, and on the other hand, there will be 'catch the bottom' trades. To what extent can this balance the market, it is too early to say now. Related reports: Explainer: What is the Electoral College? Trump wins Pennsylvania and Michigan to win. Trump leads in all 5 'swing states' and has won North Carolina! DOGE rises 30% to break through $0.2. Key moments of the US presidential election: Trump and Hillary Clinton 'battle the 7 swing states', when will the fastest counting come out? <Trump's victory is a big positive! Dow futures surged more than 1,100 points, TSL skyrocketed more than 12% before the market> This article was first published on BlockTempo, the most influential blockchain news media in the BlockTempo.