Market like crazy (especially small caps),
1. Freddie Mac (FMCC) and Fannie Mae (FNMA) recently gained 35% and 30% respectively on 2024 election issues
2. Commodities, solar and cannibis stocks are all down.
While the stock market as a whole today benefited from the election issues of market regulation and tax policies in the incoming Trump Admin and the Republican Senate & House (S&P500 +2.53%, Russell 2000 +5.84%), retail stocks, solar stocks and marijuana all fell. today amid expectations of new tariffs, reductions in green energy subsidies, and failed marijuana 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%
This is Jon Hartley’s place.
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