Syz the moment

1/ It is the only risk assets traded 24/7 and thus reacting to news over the week-end; 2/ Bitcoin is now seen as a "pro-Trump" asset (i.e of it goes down that means that markets see a lower chance for Trump to be re-elected). While the initial reaction to the news was BTC going down almost $1,000 in a matter of minutes, BTC bounced back later on to trade at the highest level of the week-end (around $68k). So if Bitcoin is any guide, the Trump election trade does not seem to have been damaged... Source chart: coingecko

Extract of the "Cash Flow of the Middle Class" Source: InvestmentBooks Dhaval

Source: Trend Spider

Source: Inverse Creamer (Not Jim Cramer) on X

Here is where we stand on Predictit.

US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, saying that “it was in the best interest of my party and the country for me to stand down”. The president announced his decision in a letter published to social media on Sunday, throwing this year’s White House race into turmoil with less than four months to go until voters in the world’s biggest economy elect their new leader on November 5. Biden’s announcement follows more than three weeks of wrenching debate among Democrats about his candidacy after a disastrous debate performance against Trump reignited concerns about his mental acuity and damaged his standing among American voters. An Associated Press poll out last week found nearly two-thirds of Democratic voters said Biden should drop out of the race. Source: FT

Source: Scholarship for PhD

Source: Statista