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Bank of America speaks out against the trend: selling off after Trump's victory sparked a stock market rebound!
At this point, two large Wall Street banks have already indicated that Trump's victory is a signal to sell US stocks.
12 Information Technology Stocks Moving In Friday's Pre-Market Session
Don't trust Trump too much, Harris has a 69% chance of winning the election!
Analysts pointed out that although people believe that Harris's victory will bring economic disaster, when the probability of her winning increases, the stock market does not fall.
Has the direction of the election changed? Trump's net assets evaporated by over $1 billion, with media stock prices reversing their upward trend.
①With the escalation of the 'Trump trade,' the stock prices of Trump Media and Technology Group (TMTG) under the Trump Group have been rising steadily for over a month; ②However, starting from this Wednesday, the company's stock price trend has reversed; ③This retracement has also caused a shrinkage of over $1 billion in the net assets of the major shareholder, Trump.
"Trump trade" and dealing with "Trump trade"
Analysis suggests that, in response to potential tariff shocks, it may be appropriate to adjust the exchange rates of the Renminbi to cope, and it is recommended to avoid some heavy asset enterprises. Potential tariffs may lead to a contraction in external demand, prompting a stronger focus on stimulating domestic demand, potentially elevating consumer to an unprecedented level in financial stimulus.
US stocks closed: All 'Seven Giants' suffered heavy losses, with the S&P and Nasdaq posting their largest declines in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China concept stock Jinlong Index fell by 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: the possibility of Super Micro Computer being suspended or delisted is increasing.