[Moo Brief] Trump's approval soars after shooting incident: DJT & Bitcoin surge and Trump trade ahead?
Trump's approval ratings surged dramatically after the shooting occurred, surpassing Biden's. As a result, $Trump Media & Technology (DJT.US)$, considered the 'Trump Trade,' soared to $51.86 pre-market as of 4:50 am EDT on July 15. Moreover, Bitcoin rose over $1909.5 to $62,875.8 as of 7:55 am UTC on July 15, while Ethereum climbed $103.53 to $3357.5.
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$Trump Media & Technology (DJT.US)$ has risen since the first presidential election debate on June 27, and the shooting incident over the weekend undoubtedly blew the bullish wind of the Trump concept stock DJT. This time, DJT's rise is more due to the market's increased confidence in Trump's election success rather than the fundamental impact of his media business.
The cryptocurrency market is now experiencing new optimism with the increasing possibility of Republican presidential candidate Trump winning the 2024 presidential election, who supports cryptocurrency industry. In early June, Trump met with 12 Bitcoin mining company executives and experts at the Lake House Estate. During the meeting, he not only promised to advocate for the cryptocurrency mining industry after returning to the White House but also pledged that all Bitcoin would be minted in the United States in the future. Trump believes that promoting the production and trading of Bitcoin in the United States can not only consolidate the country's position in the global cryptocurrency market but also stimulate the development of related industries, injecting new impetus into the US economy.
Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out that a Trump victory in this year's election could trigger a cryptocurrency rebound driven by institutional adoption and a more favorable regulatory environment: "If election sentiment shifts towards the Republicans, cryptocurrencies will become the main 'Trump trade,' and the hope for a favorable regulatory regime will change the narrative around blockchain use cases."
Trump's efforts to reduce dependence on Chinese manufacturing could indirectly benefit $Tesla (TSLA.US)$, as $Tesla (TSLA.US)$ has been expanding its production capacity in the United States and other regions. By positioning itself as the leader in manufacturing electric cars in the United States, $Tesla (TSLA.US)$ can take advantage of any protectionist shift in trade policy or incentive measures aimed at promoting domestic production. $Tesla (TSLA.US)$'s strong domestic manufacturing business also aligns with Trump's "America First" policy.
The budding relationship between Musk and Trump is particularly noteworthy. Bloomberg reported that billionaire and Musk has quietly donated to Trump. As early as March of this year, Trump met with Musk and other Republican donors at the Lake House Estate, and at Tesla's annual shareholder meeting in June, Musk said that Trump told him in an "unexpected" phone call that he was a "big fan" of Tesla's new Cybertruck model.
If elected, Trump may push for government reform and expand tariffs, with a focus on supporting the automotive industry. Trump has emphasized the need to "save" the auto industry, particularly by developing traditional fuel vehicles and repealing emissions regulations.
In the areas of climate and energy, Trump may accelerate the granting of permits for oil and natural gas drilling, encouraging production of old energy sources.
This year, Trump's four major policies are education, government reform, social security, and trade. While domestic economy remains important, its weight has decreased, possibly to avoid the reality of Biden's strong economic resilience during his presidency. Trump is considering imposing a "general benchmark tariff" on all imported goods, but has not mentioned specific tax rates and product ranges. At the same time, he has proposed to reduce dependence on China, but has not clearly indicated a 60% tariff on Chinese products.
Will the election shake your portfolio and why？![]()
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mr_cashcow : Recently added $Trump Media & Technology (DJT.US)$ back onto my watch list![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Can't denied that curve ball that suddenly just shot out of nowhere![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Desperately trying so hard not to get suck back into meme stocks![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
After the shooting incident, Elon & Ryan Cohen came out on X to support Trump so definitely keeping a close eye on both $Tesla (TSLA.US)$ & $GameStop (GME.US)$
It is the rise of the meme stocks all over again
Hase Investment King : Will the election shake my portfolio? Too bad it’s a nope, no up nor down. Cause I didn’t have the bullet to buy $Trump Media & Technology (DJT.US)$ .
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While missed the $Tesla (TSLA.US)$ dip at 167.4… while I set it at 167 and went to sleep…
ZnWC : Yes I will adjust my portfolio based on the US presidential election possible outcome.
The election result may affect the followings:
1) Industry that the new president will support e.g. climate change and incentive to EV sectors
2) Union formed in some sectors that will affect company revenue and productivity
3) Geopolitical stability like the Russia-Ukraine conflict and China-US tension
4) Uncertainty within the US which may affect stock market performance and commodity prices (indirectly affects inflation).
AnnYeo God of Money : Yes, the election can significantly impact technology and semiconductor companies which is about 90% of my portfolio.
Under Biden:
-Regulation: Potential for increased regulatory scrutiny, particularly concerning antitrust issues, data privacy, and content moderation.
- Trade: A more stable and predictable trade policy could benefit companies that rely on global supply chains, though relations with countries like China might still face challenges.
- R&D Investment: Likely to see increased government support for R&D in technology and green technologies.
Under Trump:
- Regulation: Likely to continue a deregulatory approach, which could be favorable for tech companies.
- Trade: More aggressive stance on trade, particularly with China, could lead to supply chain disruptions and tariffs affecting semiconductor companies.
- Tax Policy: Continued tax cuts and incentives for businesses could benefit tech and semiconductor companies.
Both candidates' policies could shape the landscape for technology and semiconductor firms, influencing investment, innovation, and market strategies. So finger cross, buy/sell depends on the flow else just close my eyes, go for long-term, long-term, long-term
JulW21 : While the US presidential election can be emotional time and may captivate the public’s attention and generate headlines, its impact on stock market outcomes is often exaggerated. Investors and market participants would be wise to maintain a long-term perspective and focus on fundamental factors rather than succumbing to election-induced market hysteria. Do not make drastic investment decision solely base on election outcome.
SneakyBear :
I’m betting on Tesla and cryptocurrencies like Bitcoin. With Tesla, I bought in around $170 and it’s now up to $260, which has been an incredible gain. Given Tesla’s innovation with projects like Optimus and the company’s alignment with potential policy shifts under Trump, I see more room for growth.
The renewed focus on US manufacturing and reducing dependency on China could greatly benefit Tesla, especially with their strong domestic production. Plus, the budding relationship between Musk and Trump adds an interesting dynamic.
Cryptocurrencies are also on my radar. With Trump’s potential win and his support for the crypto industry, Bitcoin could see a significant rise. The promise to mint Bitcoin in the US and foster a more favorable regulatory environment makes me optimistic about the future of crypto. Maybe I will start buying more if moomoo provide cryptos? :>
71280741 : The concept of frying does not follow
Meme_Short_Queen : US election this year has already changed my investment strategy thanks to Moomoos analysis of possible winners if Trump is elected, I have gone all in on Trump stocks! will see in November!
010Leo : definitely esp with my investment in ev. loved $XPeng (XPEV.US)$ , vested in $NIO Inc (NIO.US)$ but with Trump, may hv to relook, rethink $Tesla (TSLA.US)$ .
but election in nov. hoping for rate cuts in Sept first. need rebalance sgx sreits.
funds besides technology, looking into longer term bonds, growth and dividend portfolio.
believe Trump is pro-america, pro-business.
Imtiaz786 : Wait till election 2024. November will fly
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