You can’t make this up:
On Nov 4, Democrats swept the US midterm elections, and the S&P 500 added +$1.2 TRILLION in market cap.
Less than 24 hours later, the panic began.
On Nov 5, investors feared the new Congress would slow down AI spending, and stocks crashed.
By 3:30PM ET, the S&P 500 had hit its lowest point, erasing a record -$2.9 TRILLION in one day.
Then on Monday, the buyers came back.
Stocks gapped up at the open, adding +$1 TRILLION within hours.
By the 4PM ET close, the S&P 500 had added +$1.5 TRILLION, its best day since April.
That’s a $5.6 TRILLION swing in market cap in just 4 trading days.
We all just witnessed one of the wildest weeks in stock market history.