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EQUITIES: US Banks, Oil & Gas Rally, Chipmakers and Global Supply Chains Lag

EQUITIES
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With pre-market US trade formally opening ~50 minutes ago - the Trump trade effect is being most keenly felt on US banks, the O&G sector and single name stocks that have been closely tied to the Presidential campaign:

  • US Banks (JP Morgan up 6%, Citi up 6.5%, Bank of America up 7.5%)
  • Oil explorers (ExxonMobil up 3%, Chevron up 2.7%)
  • Specific Trump-tied names (Tesla up 13%, Trump Media up 43%)

Interestingly, chipmakers are firmer generally, but not replicating the sharp gains seen elsewhere (NVIDIA up 1.3%, AMD up 1.1%) - the same case for stocks closely tied to global supply chains (Apple up 0.8%, Amazon up 0.7%).

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With pre-market US trade formally opening ~50 minutes ago - the Trump trade effect is being most keenly felt on US banks, the O&G sector and single name stocks that have been closely tied to the Presidential campaign:

  • US Banks (JP Morgan up 6%, Citi up 6.5%, Bank of America up 7.5%)
  • Oil explorers (ExxonMobil up 3%, Chevron up 2.7%)
  • Specific Trump-tied names (Tesla up 13%, Trump Media up 43%)

Interestingly, chipmakers are firmer generally, but not replicating the sharp gains seen elsewhere (NVIDIA up 1.3%, AMD up 1.1%) - the same case for stocks closely tied to global supply chains (Apple up 0.8%, Amazon up 0.7%).