Chip makers take big hit, Trump Trade signs: Market Trends

are ringing throughout Wall Street, specifically with interest in M&A activity which could see a pullback if the former president were to assume office for a second term.That was the big story of the day.So as you mentioned earlier in the show, we obviously had that report out about the Biden administration, potentially putting stricter restrictions on what would impact a lot of ship makers.But specifically when you take a look at the semis, I mean, it was really a bloodbath in there.

And when you look at what we had throughout the day, I mean, you have five sectors in the green eight sectors outperforming or sorry, six sectors in the green, eight sectors outperforming the S and P 500.Tech falls almost 4% and you have communication services following 1.5%.The rotation out of tech into a lot of these names.So we just talked about something like energy, something like utilities.It's a tough day for the S and P 500 to set a new record.And we keep talking about this rotation.

And a a final point on this Josh that I thought was interesting that Callie Cox brought up, uh to me overs wealth management. Of course, the last five days is when we're talking about people feeling more confident that Trump might win this election and sort of markets pricing that in Well, this is one way to think about that.There'll be perhaps less restrictions with the Republican, uh, in office.I think it it will be interesting reading into November as we sort of get perhaps more confident or less confident with who's gonna be in office.

But on the other hand, you know Senator Vance when he talks about Lina Khan, he has nice things to say.If it was Biden or if it was Trump, it was just technology reading the S and P 500 higher.TD stock may look undervalued, but there are reasons for the price drop. Meanwhile, this dividend superstar has more to come. The post 1 Dividend Superstar I’d Buy Over TD Bank Stock appeared first on The Motley Fool Canada.

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