In my view, the market has been pricing in the "Trump trade" for the past month, but we're starting to see signs of an unwind. We've seen a strong rally in crypto alongside Trump, but it seems likely that this will reverse if he loses.

 For example, Bitcoin dropped 6%$iShares Bitcoin Trust(IBIT)$ , $Trump Media & Technology(DJT)$  fell by 21%, and $Geo Group Inc(GEO)$   dropped 4.8% over the past few days. These movements suggest that Trump may indeed be losing his hold.

Looking at fundamental indicators like favourability, voter enthusiasm, fundraising, donor numbers, and voter mobilization, it seems clear that Harris is outpacing  Trump. 

# US Election Wrap-up: How Will Trump Affect Market?

Modify on 2024-11-04 02:54

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