BROWSER UPDATE To gain access to the full experience, please upgrade your browser: Chrome Safari Firefox Internet Explorer. If you are running Internet Explorer 10 and above, make sure it is not in compatibility mode. Everything you need to know about how stocks, bonds, currencies and commodities are reacting to the U.

Here’s how the French election could test the U.S. stock market’s resilience - MarketWatch

Stocks were mixed on Friday, taking a pause to end an eventful week that pushed the Dow industrials to their best week since President-elect Donald Trump, in an exclusive interview, said that after meeting with President Obama he would consider leaving in place certain parts of the Affordable Care Act, an indication of possible compromise after he pledged repeatedly to repeal the health law. The Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, a pact designed to preserve U.

Financial stocks gained ground in the wake of Donald Trump's surprise presidential victory on the expectation that he may roll back financial regulations including the Labor Department's so-called fiduciary rule. But one investment researcher at Morningstar says changes to the way advice is delivered are already underway and are unlikely to be reversed. Financial advisory firms are not going to reinstate commission-based sales "regardless of whether the Trump administration makes preventing the DOL fiduciary rule a First Days priority unlikely , and regardless of whether such a repeal effort could succeed with legislation that is already being rolled out also unlikely ," he writes.

Gun stocks have been hit particularly hard as Donald Trump won the U. Trump is seen as less likely to enact gun control measures than Democratic nominee Hillary Clinton, easing the immediate rush for gun enthusiasts to stock up. Since the vote, investors have largely kept their short positions in place, according to Ihor Dusaniwsky, head of research at S3 Partners, a sign they are anticipating a further decline.

As an SEC commissioner, Paul Atkins protested large fines against companies and sweeping stock-trading requirements. The battered high-dividend stocks that were hit hard in recent sessions got a lift.

The tech-heavy Nasdaq Composite index climbed 0. New Wells Fargo new CEO Tim Sloan is "exactly right," Buffett said during a CNN interview about the change atop the bank, of which Berkshire Hathaway is the biggest shareholder. He noted Sloan came to Omaha to have lunch after taking over. Meanwhile, Buffett called former CEO John Stumpf, who retired in October in the face of the bank's sales scandal, a "very decent man" and says he didn't advise him to step down.

But he did tell Stumpf he was overlooking the gravity of the situation. The peso has continued on the nose-dive path it began on Election Night, trading at MXN The investment bank says Trump is more likely to impose tariffs on Mexican imports and curb immigration than he is to tear up NAFTA entirely.

Subscribe to read

Count Steve Ketchum, founder of multibillion dollar hedge-fund firm Sound Point Capital Management, as pumped for the weeks to come. Ketchum says he had reduced market exposure and increased his shorts headed into the election, but was moving to ramp up bets now in areas like healthcare. He also cites Forterra, a concrete manufacturer, as an existing position he expects to do well from new infrastructure spending.

Those outflows came even as those funds posted a 3. Investors have increasingly poured money into lower-cost index-tracking funds, including ETFs, while pulling money from actively-managed stock funds. Managed-care analysts parse the tidbits dribbling out about the Trump transition team and see bad news for companies which depend on Medicaid.

Andrew Bremberg, reportedly a leader in the Trump health-care transition group, is a strong supporter of repealing the Affordable Care Act, implying it could go away with "potentially very-limited replacement," notes Mizuho, adding that's "bad news for hospitals and those dependent on the Medicaid expansion and exchange coverage. The investment bank also points to the transition website's endorsement of Medicare modernization and says that "could mean anything," including growth of Medicare Advantage good for Medicare insurers and potential limits on expansion of the private Medicare plans.

Hedge-fund investor Fundamental Capital Management says the U. The upshot for hedge funds: A measure of consumer sentiment improved in early November, signaling Americans felt better about the economy as the election cycle wound down and holiday shopping season began.

It's gotten more expensive to buy insurance against a default in U.

The Presidential Election And Stock Market Cycles | Seeking Alpha

The current move is not particularly surprising, with some investors betting that President-Elect Donald Trump will cut taxes and enact stimulus that has the potential to increase the debt load. Still, it's an interesting indication of market turbulence after an election that many market participants have reacted to with euphoria. While the cost has risen, it sits within the range of other rich-country debt insurance, which suggests very little fear of a default.

The ratings analyst wrote: The market for U. Instead, it typically represents market stress, as evidenced by a rise in cost around the British vote to leave the European Union. This item was mistakenly based on comments that Warren Buffett made to CNN in April , not Thursday. Buffett, the billionaire chairman of Berkshire Hathaway Inc. As for stocks, Mr. The potential change from monetary to fiscal stimulus and from free trade to reversing globalization upends nearly every belief held by investors.

Rate-sensitive sectors including real estate stocks staged something of a rebound, adding 0. The same goes for the technology sector, which have been sold this week after big gains since the summer. Market watchers cited reasons including short-term traders swapping from tech into other so-called cyclical sectors tied to raw materials, which have soared this week on the prospect of government spending on roads and bridges.

The advance has been powered by anticipation for building and construction projects in China and the U. Before the Brexit vote, small- and medium-sized U. Once they run out the impact of the pound's substantial falls since the vote will really bite, forcing companies to put up prices. Most retailers will be reluctant to raise prices before Christmas, but Mr.

Cook reckons by February inflation could be up substantially. Higher inflation but low growth will mean the Bank of England is unlikely to raise interest rates, and this will keep sterling under selling pressure, he says. Even the "smart money" was caught off guard by this week's price action, which saw US stocks and bond yields rise in tandem. Options researchers at Goldman Sachs quantify the wrong-footed positioning headed into the election, noting options-market positioning in the VanEck Vectors Gold Miners ETF GDX , based on the price of calls versus puts, was bullish heading into the election.

Options were similarly bullish goes for ETFs which track REITs, utility and consumer staple stocks--all of which have been crushed this week as interest rates have climbed. European stocks trade lower Friday, but look likely to end a volatile week just higher than the levels seen at the start of the week.

After a quiet pre-election beginning,. Donald Trump's shock victory in the U. STOXX Europe is down 0. Miners, oil majors, and banks all fall, while long-pressurised retailers and housebuilders stage relief rallies. Those same sectors pressurise the FTSE , which is down 1.

The German DAX is up 0. DOW JONES, A NEWS CORP COMPANY. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Subscribe Now Sign In. The Wall Street Journal.

Regions Africa Asia Canada China Europe Latin America Middle East Blogs Brussels Real Time China Real Time Sections Economy More World Video. Video What's News Podcast. Blogs Real Time Economics More Economic Forecasting Survey Economy Video. Columnists James Freeman William A. Galston Daniel Henninger Holman W. Jenkins William McGurn Peggy Noonan Mary Anastasia O'Grady Jason Riley Kimberley A. Reviews Books Film Television Theater Art Masterpiece Series More Arts Video WSJ.

Magazine WSJ Puzzles Off Duty Podcast The Future of Everything. Sections Commercial Real Estate House of the Day Mansion More Real Estate Video.

Chrome Safari Firefox Internet Explorer Note: Last Updated Nov 11, at 4: Dow Posts Best Week Since Donald Trump Willing to Keep Parts of Health Law.

Financial Advice Has Changed Regardless of Trump Win. A Former Regulator Who Favors a Light Touch. Stocks Mixed Heading into the Close. New Wells Fargo CEO Is 'Exactly Right'. Has the Peso's Decline Just Begun? The Dow climbed 0. Obama Administration Gives Up on Pacific Trade Deal. The Dow industrials spent most of the afternoon flat, and were roughly unchanged at Berkshire hasn't sold any Wells Fargo shares amid the row, Buffett said.

Donald Trump Win Keeps Emerging-Market Investors Selling. Consumer Sentiment Posted Solid Gain in Last Pre-Election Reading. Economy President Donald Trump Will Inherit, in 11 Charts. The president-elect will take office amid long-lived but uneven economic growth. Highlights , cds , Bonds. An Early Winner From Trump Victory: After a quiet pre-election beginning, Donald Trump's shock victory in the U.

Dow Jones Products Barron's BigCharts DJX Dow Jones Newswires Factiva Financial News Mansion Global MarketWatch Private Markets realtor.