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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.950
98.030
97.950
98.500
97.950
-0.370
-0.38%
--
EURUSD
Euro / US Dollar
1.17394
1.17409
1.17394
1.17496
1.17192
+0.00011
+ 0.01%
--
GBPUSD
Pound Sterling / US Dollar
1.33707
1.33732
1.33707
1.33997
1.33419
-0.00148
-0.11%
--
XAUUSD
Gold / US Dollar
4299.39
4299.39
4299.39
4353.41
4257.10
+20.10
+ 0.47%
--
WTI
Light Sweet Crude Oil
57.233
57.485
57.233
58.011
56.969
-0.408
-0.71%
--

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            FintechZoom's Best Stocks to Invest in 2024: Top Picks for Growth

            Glendon

            Economic

            Summary:

            Discover FintechZoom's top stock picks for 2024. Explore detailed insights on the best stocks to invest in, including Apple, Microsoft, Tesla, and more, to maximize your portfolio growth.

            Investing in stocks can be a lucrative way to grow your wealth, but it requires careful research and strategic planning. As we move into 2024, identifying the best stocks to invest in is more crucial than ever. FintechZoom, a leading platform for financial news and analysis, offers valuable insights into the top stock picks for the year. This article explores FintechZoom's recommendations, detailing the reasons behind each pick and the potential for growth. Additionally, we'll incorporate insights from FastBull to provide a well-rounded perspective.

            Criteria for Selection

            FintechZoom evaluates stocks based on several key criteria:

            Financial Performance:

            Strong revenue and earnings growth.

            Market Position:

            Dominance or competitive edge in their respective industries.

            Innovation and Growth Potential:

            Ability to innovate and capture new market opportunities.

            Valuation:

            Reasonable pricing relative to earnings and growth prospects.

            Dividends:

            For income-focused investors, reliable dividend payments are a plus.

            Top Stocks to Invest in 2024

            Here are FintechZoom's top stock picks for 2024, across various sectors:

            Apple Inc. (NASDAQ: AAPL)

            Why Invest:

            Strong Financials: Apple continues to report robust revenue and profit growth.
            Innovation: With continuous advancements in technology, including the expansion of its services segment and potential breakthroughs in AR/VR, Apple remains a leader in innovation.
            Ecosystem: Apple’s ecosystem of products and services fosters customer loyalty and recurring revenue streams.
            Dividends: Consistent dividend payments and share buybacks enhance shareholder value.

            Microsoft Corporation (NASDAQ: MSFT)

            Why Invest:

            Cloud Growth: Microsoft Azure remains a top player in the cloud computing market, driving significant revenue growth.
            Diverse Portfolio: From enterprise software to gaming (via Xbox) and professional networking (LinkedIn), Microsoft’s diverse product range shields it from market volatility.
            Strong Financials: Consistently strong earnings and revenue growth.

            Tesla, Inc. (NASDAQ: TSLA)

            Why Invest:

            Electric Vehicle (EV) Leader: Tesla’s dominance in the EV market is expected to continue as demand for sustainable transportation grows.
            Innovation: Constant innovation in battery technology and autonomous driving.
            Expansion: Global expansion, particularly in markets like China, provides significant growth potential.
            NVIDIA Corporation (NASDAQ: NVDA)

            Why Invest:

            AI and Graphics Processing: NVIDIA is a leader in graphics processing units (GPUs) and AI technology, critical areas for future tech developments.
            Data Centers: Growing demand for data center technology boosts NVIDIA’s growth prospects.
            Financial Performance: Strong revenue and earnings growth, driven by demand in gaming, AI, and data centers.

            Amazon.com, Inc. (NASDAQ: AMZN)

            Why Invest:

            E-commerce Dominance: Amazon continues to dominate the e-commerce space.
            AWS Growth: Amazon Web Services (AWS) remains a leader in cloud computing, contributing significantly to the company’s revenue.
            Expansion: Ongoing expansion into new areas, including healthcare and logistics.

            Alphabet Inc. (NASDAQ: GOOGL)

            Why Invest:

            Ad Revenue: Strong advertising revenue from Google Search and YouTube.
            Cloud Services: Google Cloud is gaining market share, contributing to overall growth.
            Innovation: Continued investment in AI and other emerging technologies.

            Johnson & Johnson (NYSE: JNJ)

            Why Invest:

            Healthcare Leader: A diversified healthcare giant with a strong portfolio in pharmaceuticals, medical devices, and consumer health products.
            Dividends: Reliable dividend payments make it attractive for income-focused investors.
            Research and Development: Continuous investment in R&D drives long-term growth.

            Procter & Gamble Co. (NYSE: PG)

            Why Invest:

            Consumer Goods Giant: A leader in consumer goods with a portfolio of trusted brands.
            Stable Revenue: Consistent revenue growth and strong market presence.
            Dividends: A history of reliable dividend payments.

            Visa Inc. (NYSE: V)

            Why Invest:

            Payment Processing Leader: Visa is a global leader in payment processing, benefiting from the shift towards digital payments.
            Financial Performance: Strong revenue and earnings growth.
            Expansion: Ongoing expansion into new markets and technologies.

            Pfizer Inc. (NYSE: PFE)

            Why Invest:

            Pharmaceutical Leader: A leader in pharmaceuticals, particularly noted for its COVID-19 vaccine.
            Pipeline: A strong pipeline of new drugs and treatments.
            Dividends: Consistent dividend payments.

            FastBull's Insights

            FastBull, a respected platform for financial analysis, provides additional insights into these stock picks:

            Strategic Fit

            FastBull notes that FintechZoom's picks align well with current market trends, particularly the emphasis on technology and healthcare sectors, which are poised for continued growth.

            Valuation Concerns

            FastBull highlights the importance of monitoring valuations, especially for high-growth stocks like Tesla and NVIDIA, to avoid overpaying in a potentially volatile market.

            Risk Management

            FastBull advises investors to consider diversification and risk management strategies, given the uncertainties in the global economy.

            Conclusion: Making Informed Investment Decisions

            Investing in the stock market requires thorough research and strategic planning. FintechZoom’s recommendations for the best stocks to invest in 2024 provide a solid foundation for building a robust investment portfolio. By considering insights from both FintechZoom and FastBull, investors can make informed decisions, balancing potential returns with associated risks. Whether you are focusing on tech giants, healthcare leaders, or stable dividend payers, these top picks offer promising opportunities for growth in the year ahead.
            To stay updated on all economic events of today, please check out our Economic calendar
            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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            Traders Eye $71.5K Bitcoin Price as Open Interest Jumps 13%

            Warren Takunda

            Cryptocurrency

            Bitcoin could be headed toward the $71,500 mark after breaching the $65,000 price point on Tuesday, based on historical patterns as observed by crypto traders.
            The price rebound has also increased interest among future traders betting on Bitcoin’s near-term price movements.
            “Breaking $65,000 would mean price would be ready to move inside the $65,000-$71,500 region,” pseudonymous crypto trader Rekt Capital wrote in a July 16 X post, when Bitcoin BTC was hovering just shy of $65,000.
            Rekt referred to their Bitcoin price cluster chart, which divides price ranges into separate boxes, to show previous times when Bitcoin broke the $65,000 barrier before approaching the $71,500 level, which has already happened four times this year.Traders Eye $71.5K Bitcoin Price as Open Interest Jumps 13%_1

            Source: Rekt Capital

            Bitcoin is currently trading at $65,846 at the time of publication, according to CoinMarketCap data.
            If Bitcoin moves to $71,500, the next significant stage will be Bitcoin’s all-time high of $73,649, reached on March 13.

            Bitcoin shorters think otherwise

            However, a huge amount of short positions are at risk of being liquidated at $71,500, meaning many future traders are confident the price won’t reach that level for now.
            Approximately $1.47 billion in short positions will be wiped at $71,500, according to CoinGlass data.
            Despite this, the past five days has rebuilt confidence among future traders, as Open Interest (OI) — the total number of outstanding Bitcoin options contracts traders hold at a given time that have not yet been executed — has spiked 13% over the same period.
            Traders Eye $71.5K Bitcoin Price as Open Interest Jumps 13%_2

            Bitcoin Open Interest is currently $33.10 billion. Source: CoinGlass

            Meanwhile, pseudonymous crypto trader Mags pointed out that Bitcoin’s recent price decline to $56,649 on June 12, falling below the 200-day moving average — could be a signal that Bitcoin could repeat its historical patterns seen in August 2023, where Bitcoin jumped 17.5% to $47,000 in just two months.
            “If a similar pattern repeats after the recent dip, we could see $70,000+ for Bitcoin soon” Mags stated in a July 16 X post.
            Pseudonymous crypto trader Yoddha believes the sharp decline was a “fakeout to trap all the panic sellers.”

            Source:Cointelegraph

            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
            Add to Favorites
            Share

            American Airlines earnings preview: revenue to grow but turbulence expected

            IG

            Stocks

            Earnings outlook

            Wall Street anticipates a year-over-year decline in earnings for American Airlines (AAL) in the quarter ended June 2024, despite expectations of higher revenues. Analysts project quarterly earnings of $1.05 per share, representing a 45.3% decrease from the previous year. However, revenues are forecasted to reach $14.42 billion, marking a 2.6% increase from the same quarter last year.

            ​Recent performance and challenges

            AAL has faced significant challenges recently, with its stock price falling 13% on May 29 following a cut in its second-quarter (Q2) outlook. The company acknowledged losing business travel to rival airlines, partly due to its strategy of focusing on direct website sales and reducing its sales staff. This approach appears to have backfired, resulting in a loss of corporate business to competitors.

            ​Financial improvements

            ​Despite these setbacks, AAL has shown some financial improvements. The company's net income expanded by 547% year-over-year (YoY) to $0.82 billion in 2023, primarily attributed to an expansion of its operating margin and lower non-operating expenses. Both gross and operating margins have seen significant growth since 2021, with the net income margin rising from -18.1% in 2021 to 3.5% in 2023.

            ​Stock performance and valuation

            ​AAL stock has consistently underperformed the S&P 500 from 2021 to 2023. However, analysts estimate AAL's valuation to be $16 per share, suggesting a potential upside of over 30% from its current market price of around $12. This valuation is based on a sales multiple of 0.2x, aligning with the stock's average over the last three years.

            ​Outlook and concerns

            ​Looking ahead, AAL expects its 2024 adjusted earnings to be between $2.25 and $3.25 per share. The company has plans for capacity expansion and debt reduction, while overall travel demand remains robust. However, AAL faces several near-term headwinds, including the loss of customers to rival airlines, elevated fuel prices, and lower yields. Additionally, the company's high debt level of around $40 billion remains a significant concern for investors and analysts alike.

            AAL stock price – technical analysis

            ​July saw the stock price fall to its lowest level since the Covid-19 pandemic, continuing the negative momentum from the gloomy update on 29 May.
            ​A dip towards $10 was met by buying, but the overall bearish impression remains in place. Short term rallies in February, March and early May all hit fresh selling, indicating generally bearish sentiment.
            ​In the short-term, any rebound targets the mid-April low at $12.72.American Airlines earnings preview: revenue to grow but turbulence expected_1
            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
            Add to Favorites
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            Gold Shines as Rate Cuts Beckon; Trump Talk Hits Taiwan Stocks

            Warren Takunda

            Economic

            Commodity

            Gold hit a record and bonds rallied on Wednesday as markets prepared for global interest rates to fall, while stocks in Taiwan slipped after U.S. presidential candidate Donald Trump sounded lukewarm in his commitment to the island's defence.
            Sterling ticked higher after British inflation held at 2% year-on-year in June against forecasts for 1.9%, with services inflation stuck at an uncomfortable 5.7%.
            FTSE futures rose 0.2% and S&P 500 futures traded 0.2% lower after the cash index made a record high on Wednesday.
            MSCI's broadest index of Asia-Pacific shares outside Japan was flat and Japan's Nikkei fell 0.4%.
            In Taiwan, chipmaker TSMC fell 3%, wiping out close to $30 billion in market value, after Trump questioned U.S. support in an interview with Bloomberg Businessweek, saying Taiwan should pay for U.S. protection.
            It was unclear exactly what Trump was planning, however his selection of trade hawk J.D. Vance as his running mate had already put markets on notice that China will figure heavily in his foreign policy thinking.
            Chinese stocks were subdued for a second day running.
            The Taiwan dollar slipped slightly to a two-week low. China's yuan steadied at 7.2673 per dollar as markets waited on news from a leadership meeting in Beijing which ends on Thursday.
            "It is more and more clear to me that Trump should be bullish for USD for at least a while," said Brent Donnelly, president at analytics firm Spectra Markets, as he is expected to impose tariffs and run a higher budget deficit.
            "It's hard to imagine USDCNH ending 2024 below 7.25 on a Trump victory in November but it's not hard to imagine it closing above 7.50," he said, referring to the dollar-yuan pair.
            Elsewhere in the technology sector ASML, the largest equipment supplier to chipmakers, reported better-than-expected second-quarter earnings and shares were indicated as opening higher.

            GOLD GLITTERS

            In Asia, New Zealand shares hit their highest since March 2022 after data showed inflation slowing, though the rates market dipped and the currency rose on sticky domestically driven inflation.
            Treasuries held gains that had pushed 10-year U.S. yields to four-month lows overnight after Federal Reserve Chair Jerome Powell said recent cooling in inflation readings "add somewhat to confidence" that consumer prices are coming under control.
            Fed funds futures have fully priced a U.S. rate cut for September, followed by two more before the end of January 2025.
            Ten-year yields were steady at 4.167% and two-year yields hovered at 4.44%. Bond markets in Australia, Japan and South Korea rallied.
            Lower yields helped propel gold sharply higher and through chart resistance around $2,450 per ounce despite a broadly firm dollar. It touched a record $2,482 in Asia trade on Wednesday.
            "Gold's ability to find support in any condition this year is worth highlighting," said Commonwealth Bank of Australia commodity strategist Vivek Dhar.
            "While we think gold prices face uncertainty in coming months, we think the uncertainty has a positive skew, raising the risk that gold rises above our forecast of $2,500/oz by the end of the year."
            The Japanese yen was steady at 157.9, well off a 38-year low of 161.96 touched earlier in July after a few rounds of suspected intervention from Japan late last week.
            The euro was steady at $1.0905.
            Oil prices slipped slightly, weighed by signs of weakening demand from China.
            Brent crude futures fell nine cents to $83.64 a barrel and U.S. crude futures were seven cents lower at $80.69 a barrel.

            Source: Reuters

            To stay updated on all economic events of today, please check out our Economic calendar
            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
            Add to Favorites
            Share

            Wall Street Extends Record Streak, Gold Joins In

            XM

            Economic

            Stocks

            US stocks brace for soft landing

            Optimism that the Fed is well placed to engineer a soft landing by cutting rates soon continues to fuel risk appetite on Wall Street, even as equity markets globally struggle against the prospect of Trump 2.0. Worries that a second Trump presidency will lead to a new round of tariffs not just on Chinese but on all imported goods, not to mention the geopolitical risks from Trump's lack of commitment to Ukraine, and now Taiwan as well, are keeping investors globally on edge.
            But those concerns are more than offset for US traders by hopes of tax cuts and deregulation should Trump return to the White House. It's also likely, however, that investors are so caught up in the euphoria that the Fed will soon start slashing rates, they are overlooking the possible dangers from Donald Trump winning a second term as US president.
            Rather unsurprisingly, it seems that Fed rate cut and earnings expectations are the bigger priority for Wall Street. US inflation is finally moving downwards in a more convincing manner, while yesterday's better-than-expected retail sales readings for June eased fears of a sharp economic slowdown. Moreover, Fed officials appear to have toned down some of their hawkish rhetoric since that last CPI report and a September rate cut is now fully baked in.

            Dow Jones shines as Big Tech lag

            For equities, what's perhaps more important is that the Fed is seen cutting rates more rapidly in 2025 and this is pulling Treasury yields lower. Add to that a so far solid earnings season, there's little reason for investors to be bearish on US stocks.
            Yet, whilst the Trump trade isn't driving funds away from Wall Street, it does seem to be redirecting flows to small-cap and traditional stocks, with the Dow Jones and Russell 2000 being the biggest beneficiaries.
            The Dow Jones soared by 1.9% on Tuesday to a new all-time high, while the Russell 2000 has skyrocketed by more than 11% over the past week. The S&P 500 also set a new record, but the Nasdaq underperformed amid the rotation away from Big Tech and on fears of fresh restrictions on chipmakers that sell to China.

            Pound and kiwi in CPI boost, gold in record territory

            In the FX sphere, although there's been no absence of volatility, the major pairs have been mostly directionless this week. The US dollar's rebound from Monday faltered yesterday and continues to slide against a basket of currencies today.
            The pound rose above $1.30 for the first time since July 2023 after UK CPI data cast doubt on an August rate cut. Although headline inflation held at 2.0%, services inflation, which was unchanged at 5.7% instead of declining, remains problematic for the Bank of England.
            Investors are also less certain about a rate cut this year by the RBNZ. New Zealand's CPI for the second quarter printed below forecasts at 3.3% y/y, but another measure – non-tradeable inflation – came in slightly hotter than expected. The New Zealand dollar is today's second best-performing major after the Japanese yen, which is rallying on reports that the Bank of Japan intervened for a second day last Friday.
            Gold, meanwhile, is extending its winning streak, reaching an intra-day record peak of $2,482.29/oz today as US yields retreat and Fed rate cut bets gather pace.
            To stay updated on all economic events of today, please check out our Economic calendar
            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
            Add to Favorites
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            Bank of England Now Faces Spectre of Rising Inflation

            Warren Takunda

            Economic

            Economists say this could be as good as it gets for the disinflation process until 2025, and the prospect of rising inflation in the coming months will keep the Bank of England cautious about cutting interest rates.
            "We expect inflation to rise to 2.2% in July as utility prices fall less this year than in July 2023," says Rob Wood, Chief UK Economist at Pantheon Macroeconomics.
            The ONS said headline UK CPI inflation remained at 2.0% y/y for a second month in June, meeting expectations. Core inflation, which excludes energy, food and alcohol, stayed at 3.5% and also met expectations.
            Bank of England Now Faces Spectre of Rising Inflation_1
            The annual rate of services inflation remained at 5.7%, as expected. Restaurants and hotels, which are included in the services basket, made the largest upward contribution to the monthly change in headline inflation.
            "This is too strong for the MPC to cut in August," says Rob Wood, Chief UK Economist at Pantheon Macroeconomics. "Stronger-than-expected services inflation kept headline CPI inflation at 2.0% in June."
            "It’s the stability of services inflation at 5.7% that’s the blow," says Paul Dales, Chief UK Economist at Capital Economics. "The chances of an interest rate cut in August have diminished a bit more."
            Falling energy and goods prices have helped drive headline inflation down to the Bank of England's 2.0% target. However, their downward contribution will soon fade from the annual data. This means that the Bank of England can no longer rely on supportive 'base effects' to compensate for stubborn services inflation.
            The main cost pressure facing services industries is wages, which remain elevated and well above the inflation rate and is why Thursday's labour market statistics will be closely watched.
            "What drove the beat in services inflation? Slightly higher rents for one," says Sanjay Raja, an economist at Deutsche Bank.
            "The ONS data shows rent pressures remain high, potentially increasing wage demands. Rental and wage pressures are why we are finding more small businesses opt for a virtual office in London and a physical presence in cheaper locations," says a post-release analysis from Hoxton Mix.
            The National Institute of Economic and Social Research (NIESR) predicts that inflation will start to rise from here.
            "Core inflation remains elevated at 3.5%, as does services inflation at 5.7%, possibly prompting the Bank of England to remain cautious with regards to interest rate cuts. We expect inflation to rise throughout the rest of the year due to base effects, before falling back towards target in early 2025," says Monica George Michail, NIESR Associate Economist.
            Even if the Bank of England cuts interest rates in August, the prospect of rising inflation should keep them strike a cautious tone and warn against expecting further rate cuts.
            Pantheon Macroeconomics thinks inflation will rise to 2.2% in July as favourable base effects from previous falls wash out of the annual comparison.
            "Food and non-energy goods inflation have no further to fall now," says Wood. "Ofgem will likely hike the utility price cap by 12% in October after wholesale energy costs have risen."
            These components have contributed significantly to recent declines in inflation, but Pantheon Macroeconomics thinks their contribution to year-over-year CPI inflation will rise 86bp by December.
            "Getting inflation sustainably back to the 2% target will require services inflation to drop closer to 3.5%, but that will take time because wage growth remains strong. We look for CPI services inflation to fall only to 4.9% at the end of 2024," says Wood.

            Source: Poundsterlinglive

            To stay updated on all economic events of today, please check out our Economic calendar
            Risk Warnings and Disclaimers
            You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
            Add to Favorites
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            Investors Ride the 'Trump Trade' As Expectations Grow for A Second Term

            Alex

            Economic

            Stocks

            Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade, on views that his policies will lift corporate profits even while spurring worries about the country's long-term fiscal health.
            The two sides of the trade have been evident in recent weeks, as investors price in greater odds of a win by the Republican challenger following a disastrous performance by President Joe Biden in a late June debate and after last weekend's assassination attempt on Trump.
            Stock investors are leaning into corners of the U.S. equity market that could benefit from proposed Trump policies such as tax cuts and regulatory easing, including small caps and energy shares. Those preferences - along with expectations that the Federal Reserve will cut interest rates in coming months - are fueling a rotation out of big technology stocks and into less-loved areas of the market.
            Treasury markets tell a different side of the story, with some investors lightening positions in longer-dated bonds as they fret about the fiscal consequences of lower tax revenues and more budget spending. UK merchant banking firm Close Brothers estimated that a second Trump term could usher in from $4 trillion to $5 trillion of extra government borrowing over 10 years, potentially boosting inflation and weighing on bond prices.
            Many investors believe monetary policy and corporate profits will ultimately overshadow politics as long-term drivers for asset prices, while much could change in the less than four months until election day. Nevertheless, the recent moves give a glimpse into how markets are approaching the possibility of a second Trump term.
            "The market is saying that the expectation is that there is going to be a second Trump presidency," said JJ Kinahan, CEO of IG North America and president of online broker tastytrade. "The probabilities are all pointing that way."

            Investors Ride the 'Trump Trade' As Expectations Grow for A Second Term_1Rising Odds, Rising Stocks

            Online prediction site PredictIt on Tuesday showed bets of an election win at 69 cents for Trump, compared with 53 cents a month ago. Biden stood at 28 cents, compared with 44 cents in mid-June. A two-day Reuters/Ipsos poll that closed Tuesday found Trump opening a marginal lead among registered voters - 43% to 41% - over Biden.
            The rising odds have been accompanied by a rally in everything from small caps to shares of crypto companies. Beneficiaries include private prison operator Geo Group, whose shares have risen 33% since the debate in late June. Trump promised to crack down on illegal immigration, which could boost demand for detention centers.
            Bitcoin miner Riot Platforms is up 30% this week, mirroring a rally in the price of bitcoin following the assassination attempt on Trump, who has slammed Democrats' attempts to regulate the crypto sector.
            The small-cap-focused Russell 2000 index is up 11% since the debate, as expectations that Trump will keep taxes low and bets that the Fed will cut interest rates in September boost the appeal of smaller companies. The S&P 500, by contrast, is up just 3.4% in that period.
            "The Trump trade … revolves around the prospect of faster economic growth that favors domestic companies," said Brian Jacobsen, chief economist at Annex Wealth Management.
            King Lip, chief strategist at BakerAvenue Wealth Management, said his firm has been holding a limited position in small-cap stocks as a hedge for a Trump victory.
            Robert Christian, chief investment officer at K2 Advisors, which invests in hedge funds, said many hedge funds have positioned for a Trump win with increased exposure to energy companies and financials, which they believe could benefit from a looser regulatory environment.
            Some stocks have suffered as Trump's perceived chances have grown. Among them have been shares of European carmakers, which could be hard-hit by potential tariffs on foreign imports.

            Investors Ride the 'Trump Trade' As Expectations Grow for A Second Term_2"Big, big flows"

            For some bond investors, the worry is that a second Trump term will lead to higher inflation and boost fiscal deficits because of higher tariffs on imports, profligate government spending and lower tax revenues. Trump's team has said his pro-growth policies would bring down interest rates and shrink deficits.
            Treasury yields, which move inversely to bond prices, have fallen in recent weeks on expectations that the Fed will ease rates in coming months as U.S. data show a nascent economic downshift. The decline, however, has been interspersed with flareups when yields have shot higher as Trump's position in the race seemed to improve.
            One such selloff came after Trump's debate with Biden. The benchmark 10-year yield rose by about 20 basis points in the two days after the debate, though it has since reversed that move.
            "There was some heavy selling that went through the system, big, big flows, because of the Trump trade" after the debate, said Richard Volpe, global head of linear rates and head of rates Americas at Nomura.
            Spencer Hakimian, CEO of Tolou Capital Management, a New York-based macro hedge fund, is betting on weakness in longer-dated bonds because lower taxes and tariffs risk spurring inflation.
            "Given the increased odds of a Republican sweep after this weekend's tragic event, it makes absolute sense to price in a higher long end of the yield curve," he said.
            Still, some believe factors such as the Fed's interest rate trajectory will ultimately be a stronger catalyst for asset prices. Analysts at UBS Global Wealth Management advised investors to deploy cash to "quality" bonds and growth stocks.
            "While developments in US politics may contribute to market swings in the lead-up to the election, we think investors should focus on preparing their portfolios for a lower-rate environment amid technological advances," they wrote.

            Source: Reuters

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