$BTC
The 2024 U.S. Presidential Election is approaching!
Trump VS Harris!
Who will win?
Next Tuesday (November 5), the battle for the 2024 U.S. presidential election will begin, with Trump and Harris's camps evenly matched, and polling results are unpredictable!
On the eve of the election, the financial battlefield is also filled with smoke! Data from the Commodity Futures Trading Commission (CFTC) shows that hedge funds and big players have quietly accumulated $18 billion in long positions, waiting for the election's direction!
Wall Street strategists are taking action; Trump's tariff stick is seen as a short-term savior for the dollar, with hedge funds betting that the election and tariffs will jointly drive a rebound in the dollar!
Market indicators suggest that Trump's tax cuts may boost corporate profits, and the U.S. stock market could celebrate a Trump victory; meanwhile, Harris's tax increase plan is causing the stock market to frown.
However, Bank of America and Citigroup are singing a different tune, with analyst Marc Chandler warning: the good news is exhausted, and the risks are to the downside!
The gold market is also restless, reaching a historic high but struggling to break the $2800 barrier! When the stock market falls, gold is also sold off, suspected to be liquidated to meet margin requirements; the market is unpredictable, who will laugh last?
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