As of November 5, Gronghu reports that there is only one day left until the US presidential election. Strategists are busy preparing for the potential economic impact of a Trump or Harris victory, including taxation, tariffs, and immigration policies. However, investment professionals are also planning for another risk of a Trump victory, which is Elon Musk serving in the White House. Trump has stated that if he wins, he will establish a government efficiency committee led by Musk. Musk pledged last week to cut the US federal budget by at least $2 trillion. Piper Sandler & Co. has already listed the top 100 stocks that may be most affected by this plan, with heavyweight stocks like Boeing and General Dynamics possibly experiencing fluctuations. The team led by Michael Kantrowitz stated that as the probability of Trump winning increases, a basket of stocks most sensitive to government spending has underperformed, highlighting market concerns about how the Trump administration will treat companies relying on federal funds. The list includes giants such as Moderna, FedEx, CVS Health Corp, and Honeywell International, covering industries ranging from aerospace equipment to defense manufacturing, biopharmaceuticals, and healthcare providers. However, he emphasized that not all stocks on the list face negative risks, 'if the Republicans win big, with increased defense spending, some aerospace and defense stocks may receive a boost, so these will lean towards positive impacts.'