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A Stock-Market "Harris Trade" Is Starting to Take Shape

Although they have struggled under Biden, solar stocks appeared to get a boost following Kamala Harris's debate performance. The unwinding of several "Trump trades" grabbed investors' attention early Wednesday. But by the time Wall Street closed, a fledgling "Harris trade" had also started to take shape.Bitcoin prices tumbled, while shares of Trump-sensitive stocks like Trump Media & Technology Group Corp. and private-prisons company Geo Group Inc. fell, as investors reacted to the higher perceived odds of a Kamala Harris victory in November's presidential election by dumping shares expected to benefit from a second Donald Trump administration.Around the same time, shares of long-suffering solar-energy companies started to perk up. They ultimately finished Wednesday's session sharply higher, booking their biggest daily gains since May, according to Dow Jones Market Data.Speaking more broadly, Hatfield said that the market was "a little destabilized by the prospect of a Harris win" e

A Stock-Market "Harris Trade" Is Starting to Take Shape

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":348765194641648,"tweetId":"348765194641648","gmtCreate":1726166215782,"gmtModify":1726166219401,"author":{"id":4103242131784560,"idStr":"4103242131784560","authorId":4103242131784560,"authorIdStr":"4103242131784560","name":"Ah Bah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Share your opinion about this news…</p></body></html>","htmlText":"<html><head></head><body><p>Share your opinion about this news…</p></body></html>","text":"Share your opinion about this news…","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/348765194641648","repostId":2466627845,"repostType":2,"repost":{"id":"2466627845","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1726153291,"share":"https://www.laohu8.com/m/news/2466627845?lang=&edition=full","pubTime":"2024-09-12 23:01","market":"hk","language":"en","title":"A Stock-Market \"Harris Trade\" Is Starting to Take Shape","url":"https://stock-news.laohu8.com/highlight/detail?id=2466627845","media":"Dow Jones","summary":"Although they have struggled under Biden, solar stocks appeared to get a boost following Kamala Harris's debate performance. The unwinding of several \"Trump trades\" grabbed investors' attention early Wednesday. But by the time Wall Street closed, a fledgling \"Harris trade\" had also started to take shape.Bitcoin prices  tumbled, while shares of Trump-sensitive stocks like Trump Media & Technology Group Corp.  and private-prisons company Geo Group Inc.  fell, as investors reacted to the higher perceived odds of a Kamala Harris victory in November's presidential election by dumping shares expected to benefit from a second Donald Trump administration.Around the same time, shares of long-suffering solar-energy companies started to perk up. They ultimately finished Wednesday's session sharply higher, booking their biggest daily gains since May, according to Dow Jones Market Data.Speaking more broadly, Hatfield said that the market was \"a little destabilized by the prospect of a Harris win\" e","content":"<html><head></head><body><p>The unwinding of several &#34;Trump trades&#34; grabbed investors&#39; attention early Wednesday. But by the time Wall Street closed, a fledgling &#34;Harris trade&#34; had also started to take shape.</p><p>Bitcoin prices (BTCUSD) tumbled, while shares of Trump-sensitive stocks like Trump Media &amp; Technology Group Corp. <a href=\"https://laohu8.com/S/DJT\">$(DJT)$</a> and private-prisons company Geo Group Inc. <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a> fell, as investors reacted to the higher perceived odds of a Kamala Harris victory in November&#39;s presidential election by dumping shares expected to benefit from a second Donald Trump administration.</p><p>Around the same time, shares of long-suffering solar-energy companies started to perk up. They ultimately finished Wednesday&#39;s session sharply higher, booking their biggest daily gains since May, according to Dow Jones Market Data.</p><p>And market strategists said that if Vice President Harris, the Democratic nominee, maintains her lead over Republican rival Trump, it could help push them higher still.</p><p>ETFs in the space - including the Invesco Solar ETF TAN and the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Global Clean Energy ETF ICLN - saw notable gains on Wednesday. Shares of First Solar Inc. <a href=\"https://laohu8.com/S/FSLR\">$(FSLR)$</a> were a standout, rising more than 15%, FactSet data showed.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/eec076cc5ddbfc6d320ed9e06e9450aa\" tg-width=\"649\" tg-height=\"445\"/></p><p>&#34;There were clearly signs of a Harris trade,&#34; said Jay Hatfield, portfolio manager at Infrastructure Capital Management, during an interview with MarketWatch on Wednesday. &#34;Solar was ripping, [while] financials and energy were weak.&#34;</p><p>Hatfield characterized solar stocks as &#34;the leading bellwether&#34; of the Harris trade. Ross Mayfield, an investment strategist at Baird, characterized solar as &#34;one of the cleanest ways to evaluate that bet.&#34;</p><p>To be sure, clean-energy stocks haven&#39;t always benefited from a Democratic administration; they have been mired in a long bear market for much of President Joe Biden&#39;s term. Previously, they had outperformed when former President Trump was in the White House.</p><p>Still, the fact that solar stocks rallied on Wednesday isn&#39;t surprising: Democrats have expressed support for encouraging the expansion of clean energy, including solar. And given that the industry hasn&#39;t quite found its economic footing, government subsidies remain essential for these companies to thrive, Mayfield noted.</p><p>Speaking more broadly, Hatfield said that the market was &#34;a little destabilized by the prospect of a Harris win&#34; early on. But investors quickly looked past politics and seized on another reason to sell when the August consumer-price index showed that prices of core goods and services, most notably shelter, rose quicker than economists had expected last month.</p><p>Yet comments from Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> Chief Executive Jensen Huang helped turn things around, as did a sense that markets had initially overreacted to the inflation data, Mayfield said.</p><p>&#34;It was an initial overreaction,&#34; he said. &#34;It&#39;s not going to change the Fed&#39;s calculus.&#34;</p><p>Markets may have also benefited from investors realizing that betting markets were still pointing to what has historically been the best outcome for markets: a divided U.S. government.</p><p>Stocks have seen better performance when control in Washington is split between the two parties, according to data furnished by Sam Stovall, chief investment strategist at CFRA. (Stovall, however, caveated this by adding that the sample size is too small to be statistically significant.)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Stock-Market \"Harris Trade\" Is Starting to Take Shape</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Stock-Market \"Harris Trade\" Is Starting to Take Shape\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-12 23:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The unwinding of several &#34;Trump trades&#34; grabbed investors&#39; attention early Wednesday. But by the time Wall Street closed, a fledgling &#34;Harris trade&#34; had also started to take shape.</p><p>Bitcoin prices (BTCUSD) tumbled, while shares of Trump-sensitive stocks like Trump Media &amp; Technology Group Corp. <a href=\"https://laohu8.com/S/DJT\">$(DJT)$</a> and private-prisons company Geo Group Inc. <a href=\"https://laohu8.com/S/GEO\">$(GEO)$</a> fell, as investors reacted to the higher perceived odds of a Kamala Harris victory in November&#39;s presidential election by dumping shares expected to benefit from a second Donald Trump administration.</p><p>Around the same time, shares of long-suffering solar-energy companies started to perk up. They ultimately finished Wednesday&#39;s session sharply higher, booking their biggest daily gains since May, according to Dow Jones Market Data.</p><p>And market strategists said that if Vice President Harris, the Democratic nominee, maintains her lead over Republican rival Trump, it could help push them higher still.</p><p>ETFs in the space - including the Invesco Solar ETF TAN and the <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Global Clean Energy ETF ICLN - saw notable gains on Wednesday. Shares of First Solar Inc. <a href=\"https://laohu8.com/S/FSLR\">$(FSLR)$</a> were a standout, rising more than 15%, FactSet data showed.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/eec076cc5ddbfc6d320ed9e06e9450aa\" tg-width=\"649\" tg-height=\"445\"/></p><p>&#34;There were clearly signs of a Harris trade,&#34; said Jay Hatfield, portfolio manager at Infrastructure Capital Management, during an interview with MarketWatch on Wednesday. &#34;Solar was ripping, [while] financials and energy were weak.&#34;</p><p>Hatfield characterized solar stocks as &#34;the leading bellwether&#34; of the Harris trade. Ross Mayfield, an investment strategist at Baird, characterized solar as &#34;one of the cleanest ways to evaluate that bet.&#34;</p><p>To be sure, clean-energy stocks haven&#39;t always benefited from a Democratic administration; they have been mired in a long bear market for much of President Joe Biden&#39;s term. Previously, they had outperformed when former President Trump was in the White House.</p><p>Still, the fact that solar stocks rallied on Wednesday isn&#39;t surprising: Democrats have expressed support for encouraging the expansion of clean energy, including solar. And given that the industry hasn&#39;t quite found its economic footing, government subsidies remain essential for these companies to thrive, Mayfield noted.</p><p>Speaking more broadly, Hatfield said that the market was &#34;a little destabilized by the prospect of a Harris win&#34; early on. But investors quickly looked past politics and seized on another reason to sell when the August consumer-price index showed that prices of core goods and services, most notably shelter, rose quicker than economists had expected last month.</p><p>Yet comments from Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> Chief Executive Jensen Huang helped turn things around, as did a sense that markets had initially overreacted to the inflation data, Mayfield said.</p><p>&#34;It was an initial overreaction,&#34; he said. &#34;It&#39;s not going to change the Fed&#39;s calculus.&#34;</p><p>Markets may have also benefited from investors realizing that betting markets were still pointing to what has historically been the best outcome for markets: a divided U.S. government.</p><p>Stocks have seen better performance when control in Washington is split between the two parties, according to data furnished by Sam Stovall, chief investment strategist at CFRA. (Stovall, however, caveated this by adding that the sample size is too small to be statistically significant.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSLR":"第一太阳能","BK4585":"ETF&股票定投概念","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","BK4165":"安全和报警服务","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","BK4587":"ChatGPT概念","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","ICLN":"iShares S&P Global Clean Energy","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","BK4527":"明星科技股","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","BK4543":"AI","BK4579":"人工智能","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4588":"碎股","BK4084":"特种房地产投资信托","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4503":"景林资产持仓","TAN":"太阳能ETF-Guggenheim","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU1983299162.USD":"SCHRODER ISF GLOBAL ENERGY TRANSITION \"A\" (USD) ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4581":"高盛持仓","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4592":"伊斯兰概念","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2466627845","content_text":"The unwinding of several \"Trump trades\" grabbed investors' attention early Wednesday. But by the time Wall Street closed, a fledgling \"Harris trade\" had also started to take shape.Bitcoin prices (BTCUSD) tumbled, while shares of Trump-sensitive stocks like Trump Media & Technology Group Corp. $(DJT)$ and private-prisons company Geo Group Inc. $(GEO)$ fell, as investors reacted to the higher perceived odds of a Kamala Harris victory in November's presidential election by dumping shares expected to benefit from a second Donald Trump administration.Around the same time, shares of long-suffering solar-energy companies started to perk up. They ultimately finished Wednesday's session sharply higher, booking their biggest daily gains since May, according to Dow Jones Market Data.And market strategists said that if Vice President Harris, the Democratic nominee, maintains her lead over Republican rival Trump, it could help push them higher still.ETFs in the space - including the Invesco Solar ETF TAN and the iShares Global Clean Energy ETF ICLN - saw notable gains on Wednesday. Shares of First Solar Inc. $(FSLR)$ were a standout, rising more than 15%, FactSet data showed.\"There were clearly signs of a Harris trade,\" said Jay Hatfield, portfolio manager at Infrastructure Capital Management, during an interview with MarketWatch on Wednesday. \"Solar was ripping, [while] financials and energy were weak.\"Hatfield characterized solar stocks as \"the leading bellwether\" of the Harris trade. Ross Mayfield, an investment strategist at Baird, characterized solar as \"one of the cleanest ways to evaluate that bet.\"To be sure, clean-energy stocks haven't always benefited from a Democratic administration; they have been mired in a long bear market for much of President Joe Biden's term. Previously, they had outperformed when former President Trump was in the White House.Still, the fact that solar stocks rallied on Wednesday isn't surprising: Democrats have expressed support for encouraging the expansion of clean energy, including solar. And given that the industry hasn't quite found its economic footing, government subsidies remain essential for these companies to thrive, Mayfield noted.Speaking more broadly, Hatfield said that the market was \"a little destabilized by the prospect of a Harris win\" early on. But investors quickly looked past politics and seized on another reason to sell when the August consumer-price index showed that prices of core goods and services, most notably shelter, rose quicker than economists had expected last month.Yet comments from Nvidia Corp. $(NVDA)$ Chief Executive Jensen Huang helped turn things around, as did a sense that markets had initially overreacted to the inflation data, Mayfield said.\"It was an initial overreaction,\" he said. \"It's not going to change the Fed's calculus.\"Markets may have also benefited from investors realizing that betting markets were still pointing to what has historically been the best outcome for markets: a divided U.S. government.Stocks have seen better performance when control in Washington is split between the two parties, according to data furnished by Sam Stovall, chief investment strategist at CFRA. (Stovall, however, caveated this by adding that the sample size is too small to be statistically significant.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}