Here's the outperformance (vs. S&P 500) of a pure play Trump index created by Alpine Macro.
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This is ~$200 billion more than Tesla, $TSLA, the second-hottest stock in the market this year. This is also more than Meta, $META, Apple, $AAPL, AMD, $AMD, Amazon, $AMZN, and Alphabet, $GOOGL, COMBINED. Today, the options market is implying a 12% move after earnings are released. Source: The Kobeissi Letter
as corporate insiders from Goldman Sachs to Tesla and even Donald’s Trump’s own media group cash in on the stock market surge that has followed his election victory. The rate of so-called insider sales has hit a record high for any quarter in two decades, according to VerityData. The sales, by executives at companies in the Wilshire 5000 index, include one-off profit-taking transactions as well as regular sales triggered by executives’ automatic trading plans. The Wilshire 5000 is one of the broadest indices of US companies. While insider selling is routine — especially as the stock market was already breaking records before Trump’s win — the surge following November 5 underscores how US executives are already profiting personally from his return before he re-enters the White House. https://lnkd.in/eYWW3E5M Source: FT
Source: Barclays