突然，全线暴跌！“特朗普”，重挫！

Group 1 - The "Trump trade" has faced significant setbacks, with the Trump Media & Technology Group's stock price dropping 75% since Trump's inauguration, and meme coins named after Trump and Melania experiencing declines of 86% and 99% respectively [1][2] - The cryptocurrency market has been volatile, impacting Trump's business ventures, including a token called "World Liberty Financial," which has fallen approximately 40% since its launch in September [2] - Investor sentiment has shifted from political speculation to focusing on actual corporate performance and fundamental risks, leading to a decline in previously optimistic expectations regarding Trump's policies [2][3] Group 2 - The stock of Trump Media & Technology Group has a staggering price-to-sales ratio of 1240 times, indicating extreme valuation concerns amid a broader market cooling [3] - A basket of unprofitable tech stocks tracked by Goldman Sachs has seen a 21% decline from mid-October to November 21, reflecting a broader market correction that has caught many retail investors off guard [4] - Despite the downturn in the "Trump trade," certain sectors like healthcare and European defense stocks have performed well, while U.S. regional banks lag behind due to economic growth concerns [5] Group 3 - Investors are now focusing on the upcoming Personal Consumption Expenditures (PCE) index, with expectations that the Federal Reserve will cut interest rates in December, which could stabilize market sentiment [6][7] - Market pricing indicates an over 86% probability of a rate cut in December, reflecting a consensus that such a move is necessary given the softening labor market [6][7] - Goldman Sachs anticipates that the U.S. inflation rate will remain manageable, with potential economic growth supported by fiscal policies, although short-term labor data may present risks [8]