Cross-asset rally in the U.S. … for now. The world scrambles to place bets under the new order. $DJT just took a 23% nosedive during the session, and then another 7% after hours—wild. Yesterday, media was all hot about the president elect’s paper gains. $DJT reported negative earnings, but that was two days ago. Putin says he is ready to talk with Trump, while Macron states Europe must unite to promote the region’s interests.
• Fed Cuts Rates; Powell Says Wouldn’t Resign If Asked By Trump – Bloomberg
• Donald Trump’s Billion-Dollar Windfall After Election Is Just the Start- Bloomberg
• Airbnb, Expedia Are Latest to Signal Holiday-Season Uptick- Bloomberg
• Stocks, Bonds Rally as Federal Reserve Cuts Rates: Markets Wrap- Bloomberg
• Nissan Cuts Outlook, Announces Restructuring With 9,000 Job Cuts- Bloomberg
• Hong Kong Follows Fed With Rate Cut in Boost for Economy- Bloomberg
• Trump Built the Manosphere, Brick By Brick- Bloomberg
• Zelenskiy, Putin Vie for Edge With Trump Ahead of Ukraine Pivot- Bloomberg
• Millennium in Early Talks to Sell an Equity Stake to BlackRock- Bloomberg
• Germany’s normally stable government has collapsed. Here’s why – CNN
• DJT stock sinks by double digits to reverse gains after Trump election win – CNBC
