'Trump Trade' Is 'Long Bitcoin, Long Small Caps,' Says Trader...But What Is The 'Kamala Trade'?
Portfolio Pulse from Khyathi Dalal
Prominent macro trader Alex Krüger suggests that political developments, particularly Kamala Harris's performance in polls, are influencing Bitcoin and small-cap stocks. He identifies a 'Trump trade' (long Bitcoin, long small caps) and a 'Kamala trade' (the opposite). Crypto chart analyst Ali Martinez and trader Jelle provide additional insights into Bitcoin's market behavior.
July 30, 2024 | 2:47 pm
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NEUTRAL IMPACT
Alex Krüger suggests Bitcoin's recent downturn may be linked to Kamala Harris's strong poll performance. Analysts provide mixed signals on Bitcoin's short-term direction, with some seeing potential for upward movement.
Krüger's analysis suggests political developments are influencing Bitcoin's price. While some analysts see potential for upward movement, the overall short-term direction remains uncertain.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Krüger identifies a 'Trump trade' (long small caps) and a 'Kamala trade' (short small caps), suggesting political developments are influencing small-cap stocks. The Russell 2000 index may be impacted by these sentiments.
Krüger's analysis suggests that political developments are influencing small-cap stocks. The Russell 2000 index, represented by the IWM ETF, may see mixed impacts based on these sentiments.
CONFIDENCE 60
IMPORTANCE 70
RELEVANCE 80