$Trump Media & Tech(DJT.US) (transferred) Quoting UBS trading desk's comments: Today, it is noteworthy that unprofitable tech stocks {UBXXZERO Index} rose by 1%, once again outperforming the market—this trend started last week as investors extended further along the risk curve in the tech sector. Market attention on the elections has increased, as the latest election poll results seem to favor the Republican Party. Today, our Republican victory basket outperformed the Democratic victory basket by 1.8% {UBPTREDE Index}, exceeding nearly 5% over the past five trading days. The UBS high touch flow desk observed that both Long only and hedge funds are in net buying positions, with short-selling activity being relatively calm. The trading desk saw net buying in the tech, travel and leisure, and automotive sectors, while showing a preference for selling in the consumer staples and healthcare sectors.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
