DJT Falls. How Bitcoin and Other Trump Trades Could Be a Problem for the Stock

Dow Jones11-12

Trump Media & Technology & Technology Group shares slipped 9% on Tuesday and were on track to wipe out Monday’s gains.

Other Trump-linked shares also dropped. Phunware fell 11%; Rumble fell 2%.

It’s developing into a pattern for the stock since Donald Trump won the presidential election last week. DJT was largely seen as a proxy for the chances of a Trump victory, and investors seem unsure about where the stock’s future lies.

As the stock doesn’t seem to be trading on fundamentals, its susceptible to big swings. Since Oct.25, the stock has moved by a double-digit percentage on eight trading days out of 12—four up, four down.

DJT was a key part of the Trump trade in the run-up to last week’s election but other assets have now taken center stage—the U.S. dollar, Bitcoin, Tesla, and most of theS&P 500 to name a few.

Perhaps that’s the problem. Investors now have a plethora of ways to play the Trump win, it brings into question why they would choose one with an uncertain, volatile future.

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How Bitcoin and Other Trump Trades Could Be a Problem for the Stock","media":"Dow Jones","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/DJT\">Trump Media &amp; Technology</a> &amp; Technology Group shares slipped 9% on Tuesday and were on track to wipe out Monday’s gains.</p><p>Other Trump-linked shares also dropped. <a href=\"https://laohu8.com/S/PHUN\">Phunware</a> fell 11%; <a href=\"https://laohu8.com/S/RUM\">Rumble</a> fell 2%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4990f9a79e4849f958801c93ed334dd5\" tg-width=\"378\" tg-height=\"115\"/></p><p style=\"text-align: start;\">It’s developing into a pattern for the stock since Donald Trump won the presidential election last week. DJT was largely seen as a proxy for the chances of a Trump victory, and investors seem unsure about where the stock’s future lies.</p><p>As the stock doesn’t seem to be trading on fundamentals, its susceptible to big swings. 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