Core Insights - The speculative assets directly related to Trump and his family have suffered significant losses, with Trump's media company stock down 75% and associated cryptocurrencies experiencing declines of 86% to 99% [1][3][4] - The market's speculative enthusiasm has cooled, leading to a broader sell-off of risk assets, including meme stocks and unprofitable tech companies [4][5] - Investors are shifting their focus from political speculation to actual company performance and fundamental risks, undermining previous optimistic expectations [3][4] Company Performance - Trump's media and technology group, which operates "Truth Social," has seen its stock price plummet, reflecting a broader trend of declining speculative investments [3][5] - The stock of the Trump media company has a staggering price-to-sales ratio of 1240, indicating extreme overvaluation prior to the downturn [5] - The performance of various sectors has been mixed, with healthcare stocks rising while regional banks and private prison stocks have lagged due to economic slowdown concerns [5][6] Market Trends - The cryptocurrency market, particularly Bitcoin, has faced a harsh sell-off, dropping 30% in less than two months, impacting Trump's business ventures in the crypto space [6] - Gold has emerged as a strong performer, with prices nearing $4200 per ounce, reflecting a nearly 60% increase this year as investors seek safe-haven assets amid economic uncertainty [5][6] - The upcoming release of the Personal Consumption Expenditures (PCE) price index is expected to shift investor focus towards inflation and interest rate outlooks [7][8]
华尔街日报:“特朗普交易”遭重创