What We Know About Trump’s SPAC Deal, TMTG & DWAC
Last Wednesday, Former US President Donald Trump announced the creation of his Media Company, Trump Media and Technology Group (TMTG) as well as its planned merger with Digital World Acquisition Corp (NASDAQ: DWAC). Within four days, the NASDAQ-listed DWAC stock had grown by 740%. At the close of the Monday trading day (25/10/21), DWAC was trading at US $83.86. After-hours trading sees the stock up by 3.98% to US $87.20.
Week ahead – United States Election!
Week ahead – United States Election! With over 93 Million US Citizens voting early, surpassing two-thirds of all 2016 and consisting of 43% of registered voters, the United States election is finally two days away this week ahead. Many regard this as one of the most important Presidential Elections in history, possibly changing society’s fabric […]
Trading the US Election? Read this
We’ve talked about it for months. “There will be volatility coming into the election.” “Safe havens may rally on the volatility.” “The VIX is at an all time high.”
Now we’re in the neck of the storm. We are five days away from the election, and markets are trying to price in numerous possibilities alongside the Coronavirus’s everchanging environment. In 5 days, we will know who will run the world’s most influential country for the next four years.
Here’s a couple of things you should know if you want to benefit from the possible wild swings the election may bring.
Is the Australian dollar set to fall on a Biden win?
We are 13 days away from the election. Many polls state that Biden is winning the votes – however that’s what happened in the 2016 election. With big banks citing a decline in the Dollar over a Biden win, what will happen to commodity currencies such as the Australian Dollar and the Canadian Dollar against the US Dollar?
Pound struggling to lift itself past 1.30
The Pound against the US Dollar is currently one of the most exciting pairs to be keeping an eye on, as it is essentially fighting between a rock and a hard place. Currently ranging just under 1.30, both nations have events coming up that will significantly shift the currency pair in either direction.
Red or Blue – What do the markets want?
Coronavirus. Vaccine? Biden. Next President? Brexit. Done in our lifetime? With a lot of uncertainty and volatility in the markets, what party do the markets want?
Markets bounce back on stimulus hopes
Markets today bounced back as stimulus talks have come back into question. The NASDAQ is up around 0.7%, while the S&P 500 and the Dow Jones were up 0.8% and 0.43%, respectively.
Is it time for Gold to Shine?
Is it Gold’s time to shine?
Gold is up nearly 3% in the past couple of days as President Donald Trump’s hospitalization due to him contracting the Coronavirus shook the markets. Like many times this year, Gold has been an anchor on volatility, providing stability in a portfolio when markets dive. However, what about the factors that are usually discussed to propel Gold past its previous highs?
Your week ahead – Trump with the “China Virus”
Just as you think things couldn’t get weirder – arguably the most powerful man in the world, President Donald Trump, and the First Lady contracted the Coronavirus. This is after their aide, Hope Hicks, was stated to have contracted the Coronavirus the day before their announcement. This week ahead could be interesting.
