Markets Erupt: Dow Futures Up 1,300, Dollar Soars After Historic Trump Three-Peat
Trump won in 2016, he also won in 2020 (but it was stolen from him thanks to 20 million “vapor” votes which magically failed to make a re-appearance in 2024), and he just won again in a landslide, not just the electoral but the popular vote as well… and boy are markets rocking!
Donald Trump’s victory in the US presidential election has unleashed a shockwave in global markets as traders prepared for unprecedented policy and economic changes under the new administration. Trump’s political comeback sparked a surge in risk assets, sending 30-year Treasury yields and the dollar to their biggest gains since 2020…
… Dow futures soared more than 1,300 points…
From London to Tokyo, investors around the globe grappled with the far-reaching effects of a Trump presidency, which according to Bloomberg “is expected to bring steep tariffs on imported products, worsen trade tensions with China and increase pressure on Europe to ramp up defense spending.” Apparently it is also sending risk assets soaring. The Mexican peso – viewed as the anti-Trump trade due to his threats to flood Mexico’s economy with tariffs – fell the most in three months and the euro led losses among Group-of-10 currencies.
“We’ve been talking about this Trump trade for a while. The fairly aggressive market reaction shows that investors didn’t know what to put on, and now they know,” Marvin Loh, senior macro strategist at State Street Global Markets, told Bloomberg TV. “A lot of us will be asking is which ones potentially have either a lot more to move or really does not yet reflect the type of administration.”
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| Law
Constitutional amendments to BAN non-citizens from voting pass in every state where they were proposed
Voters in eight states have approved Republican-sponsored constitutional amendments that would clearly state how only American citizens have the right to vote in elections, NBC News projected.
A majority of voters in Idaho, Iowa, Kentucky, Missouri, North Carolina, Oklahoma, South Carolina and Wisconsin passed the constitutional amendments that bans non-citizens from voting in local and state elections.
Those opposed to the amendments say the action is unnecessary and only fuels what they say is an inaccurate concern that non-citizens are voting in sufficient numbers to sway elections. Although all states prohibit non-citizens from voting in state and federal elections, some municipal governments are encouraging non-citizens to vote at that level. Supporters of the amendments say they are necessary because non-citizens have been known to vote in jurisdictions where they are prohibited from doing so. Virginia had to appeal to the Supreme Court after a federal court sided with the Biden-Harris administration to force the state to allow non-citizens to vote.
The amendments passed in Iowa, Missouri, North Carolina, Oklahoma, South Carolina and Wisconsin correct any vagaries in the current legislation by specifically noting that “only” citizens are entitled to vote instead of affirming that “every citizen” or “all citizens” possess that right. Idaho and Kentucky have opted to insert the line “no person who is not a citizen of the United States” can vote into their state constitutions.
Critics of the changes do not say how any reiteration that only citizens can vote could create problems or generate any misunderstanding, especially given the vast numbers of illegal immigrants who have entered the United States in the last four years and could now face deportation under the coming administration of President Donald Trump.
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