What to know:
- The Nasdaq 100 and S&P 500 have bid adieu to their post-Trump election gains.
- Bitcoin, however, clings to a 20% gain since the presidential victory.
Oh, the joys of the stock market! The past few weeks have seen the Nasdaq 100 and S&P 500 give up all their gains since the early November election victory of Donald Trump. 😱 Meanwhile, bitcoin (BTC) remains in positive territory, up over 20% in the same time frame. 🎉
Market leader Nvidia (NVDA), whose chips are in demand for uses in AI, for instance, is lower by more than 20% since Trump’s triumph. On the flip side, Meta Platforms (META) is the stand out stock in the so-called magnificent seven technology companies having gained about 10%. 🤑
While bitcoin buyer Strategy (MSTR) is down over 50% from its all-time high in November, it remains up 20% since the election. 📈
Though bitcoin bulls are surely disappointed in the price performance of late — the world’s largest cryptocurrency has slumped about 20% from $109,000 the day before Trump was inaugurated on Jan. 20 — the current price of $88,000 is still up roughly 20% from its level just prior to the November election. 🤑
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2025-03-07 12:06