The election is approaching, and the Trump trade is making a comeback!

As the U.S. election progresses, the competition between the two sides has entered a white-hot stage. Originally, the showdown between Trump and Biden was a sure victory, but with Biden's withdrawal and Harris's entry, especially her strong performance in the televised debates, the suspense has returned.

However, recent observations of the election situation show that Trump's chances of winning have begun to show an advantage, while Harris is currently at a disadvantage in the short term.

According to third-party data surveys, Trump's popularity has also improved recently in polls in Wisconsin and Michigan, two states that previously leaned slightly toward Harris.

Additionally, Trump has gained a slight edge in Arizona, Georgia, and North Carolina. Among the seven swing states considered decisive for the 2024 election, Pennsylvania is the only one where the average poll still supports Harris.

On Wall Street, institutions also seem more optimistic about Trump's victory. Although third-quarter earnings were not particularly impressive, the recent sustained strength in bank stocks is based on the market's optimistic expectations of a Trump win.

The market generally believes that if Trump wins, he will adopt business policies more favorable to the stock market.

While U.S. bank stocks have been strong, the dollar index has also performed robustly recently, and cryptocurrencies have seen slight gains, all reflecting the market's expectations of a Republican victory.

Trump has also received strong support from Elon Musk.

The head of Tesla not only donated $75 million to support Trump's campaign but also personally appeared at a rally to cheer for Trump.

It's worth noting that Musk had previously publicly supported Democratic candidates like Obama, Hillary Clinton, and Biden.

In addition to Musk, prominent Silicon Valley venture capitalists like David Sacks and Chamath Palihapitiya have also expressed support for Trump, further indicating Silicon Valley's stance.

Fundamentally, Trump's deregulation and tax-cut policies are undoubtedly more favorable to these billionaires.

In this Trump trade, besides bank stocks, these tech companies supporting Trump are also benefiting as "shadow targets."

However, the market's hype around Trump's own company—Trump Media & Technology Group (DJT)—resembles the speculative logic of A-shares trading "Chuan Da Zhi Sheng."

In this Trump trade, DJT has shown multiple unusual movements, all closely tied to key changes in Trump's campaign.

On election night, DJT may present even more volatile fluctuations, offering speculative opportunities.$Trump Media & Tech(DJT.US)