🚀 Musk Leads $2 Trillion Budget Review Elon Musk is not expected to take a Cabinet position but will oversee government spending reviews, aiming to cut $2 trillion from the federal budget. 📈 Stocks Soar After Trump's Victory Stocks hit record highs after Donald Trump won the 2024 presidential election, with major indexes performing well. 📊 Federal Reserve's Rate Path Eyed The Federal Reserve's interest rate path is in focus, with new data on inflation and retail sales expected this week. 📈 CPI Projected to Climb 2.6% Annually The October Consumer Price Index is projected to increase by 2.6% year-over-year, with core CPI rising 3.3%. 🛍️ October Retail Sales Show Robust Growth Retail sales in October are expected to rise by 0.3%, indicating strong economic growth heading into the holiday season. 📈 Treasury Yields Surge Amid Stock Rally Treasury yields surged alongside stock gains, with the 10-year yield nearing 4.5% amid a 'flight to quality.' 💰 Bitcoin Hits $82K Post-Election Bitcoin surged past $82,000 following Donald Trump's presidential election victory. 📈 Dow, S&P 500 Reach Record Highs The Dow and S&P 500 hit new record highs, rounding out the best trading week of 2024. 🔍 Crypto Industry Awaits Trump Regulations The crypto industry anticipates favorable regulations under Trump's administration. 💰 Berkshire Boosts Cash Reserves Preemptively Berkshire Hathaway is increasing its cash reserves, reminiscent of pre-financial crisis strategies. 📉 Rising Yields May Pressure Stocks A rise in bond yields might disrupt stock gains and pressure the housing market. 🌐 Trump's Tariffs May Inflate Trade Tensions Trump’s proposed tariffs could dramatically escalate trade tensions, with potential for inflationary impact and trade retaliation. 🚗 Tesla Shares Surge Nearly 30% Elon Musk’s Tesla shares saw a near 30% increase in value following the election results.