Trump or Harris? What the Bank Stock Rally Says About Who Will Win the Election. -- Barrons.com
Some hedge funds adjust their strategies at the last minute, betting that if Harris wins, the US dollar will fall.
Facing a closely contested USA presidential election, some hedge funds are showing interest in forex options that would benefit from a weakened dollar if Harris is elected. Polls indicate an unexpected lead for Harris in Iowa, a state where Trump was previously seen as the sure winner. This has led leveraged funds to reassess who the eventual winner may be, with some funds closing out their long positions on the dollar on Monday. Traders say that some funds are going even further, buying call options on the euro and the australian dollar, betting on a weaker dollar if the Democratic candidate Harris wins. "Trying to capture the reversal of the dollar trend through forex options, we see the hedge fund industry taking action."
Citi: Buy rating on Innovent Bio with a target price of 55 Hong Kong dollars
Citi released a research report stating that Innovent Bio (01801) announced the termination of the Fortvita subscription trade. The company's management announced this morning (4th) at an investor conference that the original intention of this trade was to accelerate the development of the overseas business Fortvita. After the trade termination, there is currently no further financing plan for Fortvita. Since the announcement of the trade, the group's stock price has dropped by over 20%. Looking ahead, the bank believes that the group's strong sales performance and overseas clinical progress will sustainably restore investor confidence. Rated as "buy", with a target price of 55 Hong Kong dollars.
India's stock market saw record outflows of foreign capital, as economic momentum weakened prompting foreign investors to adopt a cautious stance.
Foreign investors' enthusiasm for the Indian stock market has cooled, with record levels of stock sell-offs, indicating that the country's post-epidemic economic boom is losing momentum. Global funds in October saw a net outflow of over 10 billion US dollars, pushing benchmark stock indexes into a technical correction. Citigroup stated that continued outflows of foreign capital may drag down the recent performance of the stock market. In recent years, due to rapid economic growth, soaring corporate profits, and business shifts, India has become a favored investment destination. However, due to the high stock valuations ranking among the highest globally, coupled with the slowing pace of economic and corporate profit growth, along with China's stock market in late September.
Monday Market Moves Sideways, Election and FOMC in Sight | Wall Street Today
New York Forex Market: The US dollar fell as investors cut back on Trump trades ahead of election day.
As traders reduce their bets on Trump trades, the US dollar has fallen against all major currencies. The dollar continues to fluctuate. The yen and the franc are performing well among G-10 currencies. The Bloomberg Dollar Spot Index once fell by 0.7%, marking the largest decline since August, before narrowing. A poll by the Des Moines Register shows Kamala Harris leading in Iowa, where former President Trump won in the previous two elections. This survey may be an outlier, but it indicates a constantly changing dynamic. "Polls in Iowa are driving people to cut back on the so-called Trump trades."
US Banks Earnings
Coach Donnie OP : We have been here before. Remember, the stock market only exists because it makes money and multiplies wealth. In order to transfer wealth to you and your family you’ll need to be patient.
Last earnings season we saw the same thing with Megacaps and the broader stock market. But it rebounded very well in Sept and Oct. I believe Nov and Dec will be higher for the stock market. Don’t allow market manipulation to cause you to panic sell. Of course, when you buy or sell is your decision.. For me, I’m staying strong and staying long. All will be well’
Coach Donnie OP : ELECTION
COUNTDOWN: HOW THE MARKET 
MAY MOVE 
HOW WILL YOU STRATEGIZE
Coach Donnie OP : What does sweep around your own front door before you sweep around mine
Coach Donnie OP : $NVIDIA (NVDA.US)$ update moomoo.com/comm...
Coach Donnie OP : It’s so easy to be kind to someone you feel you can get something from or learn from or admire but
You can easily judge the character of a man by how he treats those who can do nothing for him.
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