Analysis-From bitcoin to Mexican peso, ‘Trump trades’ are appearing again

Published On Oct 18, 2024, 1:05 AM

As the U.S. presidential race tightens, financial markets are reacting to a potential Donald Trump victory. Recent weeks have seen small-cap stocks and cryptocurrencies like Bitcoin rise, while the Mexican peso and U.S. Treasuries have fallen. This phenomenon, termed 'Trump trades', reflects markets positioning themselves in anticipation of Trump's economic policies, which are generally considered pro-growth. Trump's media company shares have surged over 140%, highlighting the correlation with his election prospects. However, analysts caution that broader economic trends, such as a strong U.S. jobs report and interest rate cuts, also influence these movements.

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Stock Forecasts

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Positive

Shares of Trump Media & Technology Group are highly correlated with Trump's polling. Continued polling strength could drive these shares even higher in the run-up to the election.

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