Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Welcome back, everybody.
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We had two big events setting the tone for markets this week.
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You probably heard something about them already, right?
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Tuesday's presidential election and the Federal Reserve's two-day policy meeting.
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Donald Trump's win powered a big and broad market rally on Wednesday, pushing the Dow to its biggest gain in two years.
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And we'll get to more of the winners and losers of the so-called Trump trade in a second.
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Then, the Fed announced its latest interest rate decision on Thursday, which, remember, is following September's half-point reduction.
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The verdict?
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A quarter-point cut, which was in line with what many investors were expecting.
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So all of these developments — lower interest rates plus a Republican presidency bringing the prospect of tax cuts and lighter regulation — are creating an environment that traders see as allowing stocks to continue to run.
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And they certainly did this week.
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On Friday, the Dow traded above 44,000 for the first time ever.
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And the S&P 500 crossed 6,000, with both indexes closing a bit below those marks.
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On the week, both indexes gained more than 4%, while the Nasdaq rose more than 5%.
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All right, back to the Trump trade.
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That's what markets have been calling investors' bets that could pay off in a second Trump presidency.
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And we got to see those trends continue to play out on Wednesday as that second Trump presidency became a reality.
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First, the big winners.
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We had the banks, which were lifted by hopes for reduced regulation and higher interest income under the new administration.
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JPMorgan Chase's stock climbed to 12% to a new all-time high, and Wells Fargo and Goldman Sachs both rose 13%.
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Showing 561–580 of 2,691 · page 29 of 135
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