MARKET RECAP

• Trump completed a political comeback of historical proportions and won the election, and the Republicans took the Senate and the House simultaneously. That may be a curse because Trump has no excuse now not to pass all of the crazy promises he made during the campaign, which will balloon the deficit to heights way beyond the current out-of-control numbers.
• Stocks loved the Trump victory; US stocks were up by 5.13% for the week, while international stocks were up only 0.21%. The Russell 2000 was up by 8.57%.
• The October ISM Services report had the highest reading since July of 2022, and University of Michigan consumer sentiment had the highest reading in six months.

SCOREBOARD