After the election, the profit-taking tide was surging, the price of gold fell by $65, and the funds fled the gold ETF frantically! Bitcoin once rose and broke the 88,000 mark, and 200,000 people exploded in 24 hours! Last night and this morning, what major events happened around the world?
After Donald Trump won the US Presidential Election, traders rushed into risky asset ETFs, largely unmoved by the prospect of rising interest rates that threatened some of these strategies. Exchange traded funds focused on US equities recorded inflows of about $18 billion on Wednesday. That was almost 16 times the average daily inflow in 2024, according to data. The flows largely reflect the "Trump trade", a bet that the president-elect will loosen regulations on sectors such as banks and crypto...
The Biden Coalition, a super PAC linked to the current president, has secured new pledges of $150 million from big Democratic donors after President Joe Biden announced his withdrawal from the race.