1. According to NBC News projections, Wall Street was headed for a huge opening after Donald Trump won the presidential election. Dow futures led the way, rising 3%, or about 1,250 points. Republicans are expected to gain control of the Senate. The majority in the House of Representatives is still too close to call.

2. U.S. Treasury yields soared, meaning investors sold government bonds in favor of riskier assets like stocks. The yield on ten-year government bonds rose to 4.47%, reaching the highest level since July. The bond market was betting that Trump’s presidency would increase economic growth and budget spending.

3. The Federal Reserve begins its two-day November meeting on Wednesday. Markets still see a 25 basis point rate cut on Thursday as a lock. But the chances of another 25 in December were less likely after Trump’s victory, with a break offering a chance of more than 30%.

4. The biggest winner from the presidential election results was Teslawith shares rising more than 12% on Wednesday. CEO Elon Musk campaigned hard for Trump, whose call for Chinese tariffs and anti-union stance would protect Tesla.

5. As for the rest of the shares of the “Magnificent Seven”, all of which the Club owns: Alphabet is seen as an advantage because the Justice Department gets a new antitrust boss. Same for Apple on the DOJ, but the iPhone maker still makes too much in China.

6. Amazon is complex: the FTC under Trump will no longer be a problem. But Trump hated Amazon because of postal issues. So we’ll see. Possible hostility for Metaplatforms but a block of TikTok would help. No animus for it Microsoft. Could the software and cloud giant end up being a big winner?

7. Nvidias is a crucial partner for chip production Taiwanese semiconductor manufacturing companyand it imports many chips from the democratically governed island, which China claims as its own. Will Taiwan be protected under a second Trump administration?

8. Winners Outside the Mag 7: Less regulation is a big positive for investment banks and commercial banks, although we see gains in two of our financials holding on to Wednesday’s strength. Crypto is a winner, with SEC Chairman Gary Gensler likely to be replaced. Will we see a national bitcoin reserve?

9. More winners: communications stocks thanks to likely mergers. Really any sector that needs consolidation could be a big winner. The same goes for the steel and old-fashioned industries. Health insurers will likely see less regulation. On the oil side, we may see more drilling, but could it be too much drilling?

10. Lots of losers. Solar and wind energy are big losers. That includes anything with heavy exposure to China. Also something Mexico. The anti-bitcoin crowd is also in this camp.

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