Trump traders could be courting some big losses

Published On Oct 29, 2024, 4:07 PM

The article discusses the recent surge in the stock price of Donald Trump's media company, DJT, which has risen over 300% since late September, largely due to market speculation on Trump's potential victory in the upcoming 2024 presidential election. Other assets associated with Trump, such as Bitcoin, are also benefiting from this optimism. However, analysts caution that current betting odds reflect a more favorable view of Trump’s chances than polling data suggests. They warn that if Trump loses, investments linked to him could falter significantly, with predictions that DJT's stock price could drop sharply in such an event. This highlights the risks involved in betting on Trump's electoral success as misconceptions could lead to substantial financial losses.