11.06 Election ends and other policies

The U.S. election has concluded today, with Trump securing a sweeping victory in several swing states. This wave can be described as the countryside surrounding the cities. Polling media were overly focused on urban voters while neglecting rural voters. It seems the Democratic Party lost due to this bias and fallacy.

There are many jokes, but I won’t list them all here. Today, the index continued to rise with heavy trading volume, reaching a turnover of 2.56 trillion. Of course, the downside was that institutions dumped over 100 billion, showing a lack of confidence. With this level of trading volume, there are always speculative opportunities in individual stocks. And the more active the market, the stronger the logic for brokers and fintech.

The USD/CNH exchange rate surged, currently below 7.21. Looking at the euro and yen, they likely fell even more, so it’s not just the RMB depreciating. The U.S. is likely to maintain high tariffs on China in the future, so domestic companies setting up factories overseas remains a trend. However, relatively speaking, the Trump administration focuses more on bringing manufacturing back to the U.S., with fewer restrictions on cultural exports for now. Therefore, the overseas expansion of gaming, culture, and media is a relatively reliable direction.

The market’s current rally is anchored around 3,500, leaving some room for others to profit. We shouldn’t follow the playbook of those who lock in gains and then cut off naive investors—that’s a sure way to lose friends. Once domestic demand stimulus kicks in, sectors like consumer goods and pharmaceuticals will catch up.