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Market News: Wall Street starts positioning trades that could profit in the event of Trump defeating Harris
According to Jinse Finance, as the US election enters a heated stage, the market seems to have sensed subtle changes in the wind. ‘Smart money’ has begun to go all in on Trump’s victory, and Wall Street pros have started to strategize for Trump’s victory. Although most polls still show a close race, the recent weeks’ changes in the election situation have affected the entire market, boosting assets that are expected to benefit from a Republican victory, such as the stock price of BTC miner Riot Platforms, which has pumped 34%. Some large hedging funds and capital management companies have also started to position themselves for trades that could profit from Trump defeating Harris in the election.