U.S. Stock Movement | Trump trades cool down, Trump Media & Tech Group falls over 8.7%
On Tuesday, shares of Trump Media & Tech fell, dropping over 8.7% to $30.49 as of the time of writing. In terms of news, Goldman Sachs trader Mike Washington stated that with the elections, the Federal Reserve, and the Bank of England each cutting rates by 25 basis points, the fluctuations in yields (the 10-year U.S. Treasury yield fell 7 basis points to 4.30% over the week) and the long earnings report cycle have led to visible investor fatigue. However, despite this, Washington remains optimistic, predicting that rotation pressure will continue to be a significant feature of the market as investors allocate funds to smaller market cap companies and seek opportunities in cyclical/inflation themes
According to Zhitong Finance APP, on Tuesday, the stock price of Trump Media & Tech (DJT.US) declined, falling over 8.7% to $30.49 as of the time of publication. In terms of news, Goldman Sachs trader Mike Washington stated that with the elections, the Federal Reserve, and the Bank of England each cutting rates by 25 basis points, the fluctuations in yields (the 10-year U.S. Treasury yield fell 7 basis points to 4.30% within a week) and the long earnings report cycle have shown signs of investor fatigue.
However, despite this, Washington remains optimistic, predicting that rotation pressure will continue to be a significant feature of the market as investors allocate funds to smaller market cap companies and seek opportunities in cyclical/inflation themes