Mr. Vance is a candidate for US vice president! Which stocks are likely to benefit?
As for the US Republican Party, former US President Trump was officially nominated as the Republican presidential candidate on 7/15. On the same day, Mr. Trump nominated Senator J.D. Vance from Ohio as a vice presidential candidate in an announcement on Truth Social.
Mr. Vance obtained a JD (Doctor of Law) degree from Yale University Law School and has gained several years of experience in high-tech venture capital firms.
● Owned by Peter Thiel (Peter Thiel), also known as the “strongest entrepreneur” from 2016 to 2017venture capital firmsServed as a director of Mithril Capital Management.
● In 2019, Mr. Vance will be based in Cincinnati, OhioNarya CapitalIt was co-founded. Peter Thiel, former Google CEO Eric Schmidt (Eric Schmidt), and Netscape Communications (Netscape Communications) founder Marc Andreessen (Marc Andreessen) are among the company's investors.
● 2020, Vance for Narya CapitalRaised 93 million dollarsI did it.
● Mr. Vance collaborated with Mr. Teal and Mr. Darren Blanton, a former adviser to President Trump on a Canadian online video platform“Rumble” (Rumble)I invested in it.
● In 2019, Mr. Vance will be based in Cincinnati, OhioNarya CapitalIt was co-founded. Peter Thiel, former Google CEO Eric Schmidt (Eric Schmidt), and Netscape Communications (Netscape Communications) founder Marc Andreessen (Marc Andreessen) are among the company's investors.
● 2020, Vance for Narya CapitalRaised 93 million dollarsI did it.
● Mr. Vance collaborated with Mr. Teal and Mr. Darren Blanton, a former adviser to President Trump on a Canadian online video platform“Rumble” (Rumble)I invested in it.
It is said that Mr. Vance's successful experiences in business and investment will bring further resources and support to Trump's election campaign.
What are the top 3 stocks in Mr. Vance's ownership ratio $Invesco QQQ Trust (QQQ.US)$、 $SPDR S&P 500 ETF (SPY.US)$、 $SPDR Dow Jones Industrial Average Trust (DIA.US)$They each account for 24%, and this year they have risen 21.56%, 19.6%, and 9.66%, respectively.
Mr. Vance is also Fidelity's Bitcoin ETF $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$, gold (gold) ETF $SPDR Gold ETF (GLD.US)$, US Treasury 20-Year Over ETF $iShares 20+ Year Treasury Bond ETF (TLT.US)$They each hold 6%.
Since Mr. Vance has made positive statements on social media and is voting on bills in favor of virtual currency,Rated as a strong supporter of cryptocurrency by Coinbase's “Stand with Crypto” initiativeIt's there.
In the 2022 US Senate financial disclosure report, Mr. Vance reported that he holds 0.1 million dollars to 0.25 million dollars of Bitcoin (BTC) through the virtual currency exchange Coinbase.
Joshua Mahony, chief market analyst at Scope Markets (Scope Markets), stated that Bitcoin will be supported by Mr. Trump's nomination of Mr. Vance as a vice presidential candidate, and 2024 may become a year where crypto assets (virtual currency) will become mainstream.
others, $Rumble (RUM.US)$and crude oil ET $Proshares K-1 Free Crude Oil ETF (OILK.US)$They hold 6% and 2% positions, respectively.
Mr. Musk evaluated this selection as a “great choice” on X (old Twitter). I posted “victory sounds loud” with the faces of both Trump and Vance.
However, Mr. VancePosition against the “giant tech oligarchy”It is claimed that it is there. In the election campaign where they ran for the Senate election in '22 and received support from Mr. Thiel, they criticized major high-tech companies for exercising excessive power and influence in politics.
Mr. Vance is also evaluating the Biden administration's enforcement of antitrust laws centered on technology, particularly Federal Trade Commission Chairman Lina Khan (Lina Khan).
“As for Kahn, I think he's one of the few people doing a pretty good job in the Biden administration,” Vance said at the February meeting.
Therefore, investors need to pay attention to his attitude towards tech giants and better understand market trends and potential policy changes.
Source: COINTELEGRAPH, Bloomberg, Moomoo
This article uses automatic translation for some of its parts
— MooMoo News ZOE
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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