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Today's market
Sr. Market Strategist
November 6, 2024 at 2:00 p.m. EDT
Over the last month betting/financial markets began to reflect the prospect of a Trump Presidency and sniffed out a win early last night as well. S&P futures began rallying ~7:00 Est, hitting the overnight high around the European open and held gains as we approached the opening bell. There was quite a bit of buzz down here on the NYSE trading floor with the trading community here very early. This morning was the second highest ever pre-market notional traded ~$35b, below only August 5th during the Yen related volatility flare up. Brokers were working the phones with clients and talking with Designated Market Makers to gauge the opening auction. Nealy 200ml shares traded in that auction over two times the average seen over the last three months.
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