而周一特朗普媒体股价的上涨与博彩网站特朗普胜率的回升相配合，不过后者的涨势并没有特朗普媒体股价那么剧烈。①On Monday, Trump Media's stock price surged by 12.4%, and it rose by another 8% after hours, with the market possibly betting again on Trump's successful campaign; ②A basket of stocks traded by Harris on Monday also saw an increase, with typical stocks including First Solar and Enphase Energy, clean energy companies; ③The US stock market on Monday has split into two camps due to the election.
On November 5th, Finance Associated Press (Editor Marlan) reported that on the last day before the US presidential election, the stock price of Trump Media, owned by Republican candidate Trump, closed up by 12.4%, and rose by another 8% after hours, seemingly indicating that the market is betting again on Trump's successful campaign.
This stock has been famous for its volatility in the US stock market. Over the past five weeks, its stock price has quadrupled, and then dropped by 41% in the past three trading days. These ups and downs are basically unrelated to the fundamentals of the stock, serving only as indicators of the stock market's observation on the outcome of Trump's campaign.
The rise in Trump Media's stock price on Monday is in line with the resurgence of Trump's winning odds on betting websites, although the latter's increase is not as dramatic as Trump Media's stock price.
Chief Executive Officer of investment fund Tuttle Capital Management, Matthew Tuttle, mentioned that this is a binary bet on the election. He currently holds put options on Trump Media stock and claims that on the day after Trump's win, the stock price will rapidly decline; and if Trump fails, then the stock will plummet to zero value.
Interestingly, on Monday, a set of stocks known as the 'Harris Trade' also showed an increase.
Among them, the typical representative photovoltaic company First Solar is considered a bullish stock post-Harris's presidency due to benefiting from clean energy policies, with its stock price rising by 3.58% on Monday. Another clean energy company stock, Enphase Energy, also rose by 4.68% on Monday.
According to the index tracking the election compiled by Goldman Sachs, the stock gains driven by the Harris Trade performed better on Monday compared to the Trump Trade.
The bright green curve in the chart represents the daily price fluctuations of First Solar's stock; the dark green curve shows the leading margin of Harris's trades against Trump's trades.
Although the simultaneous rise of Harris's trades and Trump's trades may seem quite bizarre, it could also reflect the unpredictability of this year's election results, perhaps everyone believes that their supported candidate will win the victory.
