Market’s React to Trump Win

The lack of broad-based buying is unusual when indexes are rising this much.

The last time the S&P 500 rallied 2% or more while at least 30% of its constituents traded lower was Nov. 4, 2020, the day after the 2020 presidential vote.

In the current scenario, rate-sensitive stocks, like real estate, could struggle, while financials and industrials should get a boost, according to Alec Young, chief investment strategist at Mapsignals.