What This Donald Trump Stock Market Sentiment Indicator Signals On Election Day

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Shares of Truth Social-parent Trump Media & Technology (DJT) surged aboriginal Tuesday earlier reversing little with the Nasdaq halting commercialized 3 times astir 3 p.m. EST. The determination comes aft DJT shares cratered past week, capping disconnected a 120% surge successful October with a whimper up of Tuesday's statesmanlike election.

That signals capitalist sentiment could beryllium hedging successful the last countdown to the predetermination arsenic polls amusement a dead-heat contention betwixt erstwhile President Donald Trump and Vice President Kamala Harris.

The Donald Trump-backed DJT banal skyrocketed 119% successful October. That included a driblet of 10% past week going into Friday's action.

DJT shares surged much than 14% Tuesday earlier paring those gains and dropping 1.2% to 33.94 during market action connected Tuesday.

On Monday, the Trump banal was up and down earlier rallying 12.4%. In the archetypal trading time of November, DJT shares dropped 13.5% to 30.56 connected Friday, aft sinking 11.7% to 35.34 Thursday.

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The Nasdaq besides halted trading connected the shares much than erstwhile aboriginal Thursday, arsenic good arsenic earlier successful the week. The Trump banal often behaves arsenic a sentiment indicator toward the erstwhile president and the spot of his existent candidacy. DJT shares deed a short-term precocious of 46.27 connected July 15 pursuing the assassination effort against the erstwhile president. Trump's pb successful the polls peaked soon after, pursuing President Joe Biden's exit from the 2024 race.

In September, aft the presidential debate betwixt Trump and Harris, DJT sank, signaling capitalist sentiment held that Trump underperformed expectations.

Shares deed a debased of 11.75 connected Sept. 24 but, going into Friday, DJT had roared backmost 200% since then. However, present DJT is sinking erstwhile more. Trump's likelihood of triumph connected Tuesday appeared to beryllium improving successful caller weeks adjacent arsenic nationalist polls amusement the 2 candidates successful a statistical necktie for the White House. However, the latest CNN canvass shows Harris with a important pb implicit Trump successful the cardinal plaything states of Michigan and Wisconsin. In Pennsylvania, the biggest plaything state, the 2 are inactive cervix and neck.

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Donald Trump Stock Surges In October

The Donald Trump banal is among those tracked by the subreddit capitalist radical r/WallStreetBets. Website ApeWisdom shows DJT banal was the the top-trending contented connected r/WallStreetBets connected the play and connected Monday.

The Donald Trump marque and the worth of DJT banal are intimately related, arsenic Truth Social launched aft X, past called Twitter, unopen down Trump's relationship pursuing the Jan. 6, 2021, riot astatine the U.S. Capitol.

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The erstwhile president holds a 65% involvement successful Trump Media, worthy respective cardinal dollars based connected the existent banal price. The institution reported successful August different 4th of sub-$1 cardinal revenue. Meanwhile, Trump made his instrumentality to what was Twitter, present renamed X, connected Aug. 12 via a speech with Elon Musk. The erstwhile president had antecedently sworn helium would not instrumentality to X and would stay connected Truth Social.

The New York Post reported connected Friday that "people wrong the Trump campy person been speculating for weeks present that Truth Social volition astatine immoderate point, possibly sooner alternatively than later, get subsumed" by Musk and X.

Trump Media jumped much than 16% connected March 26, its archetypal time trading nether the DJT ticker, hitting a precocious of 79.38 intraday. This followed Digital World Acquisition becoming Trump Media & Technology Group aft successfully merging with Trump's tech and social-media level connected March 22. The peculiar intent acquisition institution banal had rallied 35% connected the time earlier the alteration to "DJT."

DWAC took Trump Media and Technology Group, oregon TMTG, nationalist successful a reverse merger. After a prolonged battle, DWAC stockholders voted successful favour of the peculiar intent acquisition company's merger with TMTG. Trump Media is the genitor of the blimpish social-media level Truth Social.

DJT shares person precocious much than 96% successful 2024, but stay astir 31% beneath their terms astatine the clip of conversion.

Please travel Kit Norton connected X @KitNorton for much coverage.