Stock markets surged globally, driven by Elon Musk's record wealth and investors' "Trump put" bets. The phenomenon, where traders buy stocks in anticipation of a Republican presidency, has contributed to higher stock prices. Market analysts attribute the gains to a combination of factors, including optimism about economic growth and improved investor sentiment.

Source: https://www.bloomberg.com/news/audio/2024-11-22/musk-s-record-wealth-trump-put-bets-sent-stocks-higher-more