Trump Trades: How the Market Reacted
Stock Movements Post-Election Recap
What a day for the markets yesterday. In this post, we will review some of the most interesting stock movements and explain the rationale behind them. Despite polls suggesting razor-thin election, many large institutional players had already been making these “Trump trades” well before the election, pricing in a Trump win (more on this in a separate post soon).
BTC +8% as Trump has claimed he wants to make America “the crypto capital of the planet”. Most BTC/crypto-related stocks up: COIN +30%.
PLTR +9%: on higher military and AI spending under the Trump administration. This comes right after a huge third quarter earnings for PLTR. Stock is up +30% in the past 5 days. Note 13F filings showed Ken Griffin’s Citadel bought 5.22 million shares of PLTR in Q2!, increasing its stake by 1140%, while dumping a bunch of NVDA stock.
GOOGL +4% on potentially less regulation under Trump. GOOGL has been facing huge regulatory scrutiny due to its monopoly power, most recently the US government trying to break up its business, effectively wanting to split up some of its business segments and turn them into separate entities.