KVB Weekly Market Recap 📒✨
1️⃣ Bitcoin hit a new high, soaring past $75,000 after Trump’s win.
2️⃣ Tesla closed over $1 trillion on Friday, backed by Elon Musk’s support for Trump.
3️⃣ Major indices hit record highs: Dow up 3.57%, S&P 500 2.53%, NASDAQ 2.95%. Investors are optimistic about tax cuts and deregulation, though tariffs might bring deficit and inflation concerns.
4️⃣ Gold futures fell 3% post-Trump victory as the stronger dollar and rising bond yields made gold less appealing.
5️⃣ The Fed lowered the interest rate by 0.25% to 4.5%-4.75%, following a 0.5% cut in September.
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