• Post-Election Stock Rally Continues for a Fifth Day

Tesla, Bitcoin still got momentum, after a week of skyrocketing. Small-cap gains, while index is offset by losses in tech.

• China Plans to Slash Homebuying Taxes in Fiscal Stimulus Push

Major Chinese city’s property deed tax could be lowered 3% -> 1%, while ordinary and luxury home distinction could also be dissipated.

• Korea Zinc Silent on Share Sale As Quarterly Profit Drops

Largest producer of refined zinc, Korea Zinc Co., reports a drop in 3Q operating profit amid an ownership battle and a proposed sale of new shares at a steep discount.

• China’s Copper Production Boom Threatens to Crowd Out the Rest of The World

Copper smelting fees plunged this year from over supply of refining capacity in China, extinguishing margins over the globe.

• Bitcoin Nears $90,000 as Crypto Market Exceeds Pandemic-Era Peak

$BTC breaks record, reaching $89k. US crypto ETFs and Fed’s rate cuts have pushed up its demand throughout 2024.

• Tesla Fans Go All In Driving $300 Billion Rally on Trump Win

Musk’s bet on Trump fuels anticipation of an AI and self-driving policy tailwind.

• China Tech Stocks Need Earnings Boost Amid Trump, Macro Threats

Chinese tech returned some gains of last month’s rally. Investors look to Tencent and Alibaba’s earnings this week weighing signals for another rally.

• Williams CEO Optimistic That GOP Win Will Speed Pipeline Permits

The pipeline company Williams Cos anticipates a republican congress will be a boon for the oil & gas business.

• Chipotle Names Scott Boatwright as CEO

Scott Boatwright was previously COO, then became interim CEO as Brian Niccol left for Starbucks. He joined from Arby’s in 2017.

• Hershey Cuts Full-Year Sales Outlook as Consumers Cut Back

Price hike stemming from historical cocoa price levels dampened sales.

• Trump Expected to Nominate Rubio for Secretary of State and Selects Waltz as National Security Adviser

Secretary of State is the President’s chief foreign affairs adviser. The position is currently held by Anthony Blinken

• Does Warren Buffett Know Something That We Don’t?

Berkshire keeps $325b in cash and equivalents, mostly in short-term treasuries.