One day after election, Nov 6, huge rallies especially crypto related stocks e.g. COIN, over 30%+ gain. Unfortunately I don’t have any calls, holding some short puts though.
Do have some CLSK calls.
TSLA up 14%. Don’t understand why. Elon will have a very visible role in Trump admin, and liberals will take it out on him. I thought it’s mostly the libs who buy EVs?
Nucor steel was also up sharply. So were old school companies like ITW and CAT though not nearly as dramatically as Nucor. Mixed bag.
Perhaps TSLA investors think there will be some sort of quid pro quo for Elon’s endorsement.
OK, here’s a near 70% Trump stock gainer 
https://www.marketwatch.com/investing/stock/cxw?mod=search_symbol
CXW is not safe. Safer Trump stocks are bitcoin (BTC, etf, MSTR), miners (CLSK, MARA,…), COIN, TSLA and PLTR.
Disclosure: Holding GBTC, CLSK, COIN, TSLA and PLTR.
Dumped my CXW because it seemed to be getting ahead of itself.
Won’t buy Tesla. Nobody needs cars stuffed with batteries no matter what the government incentives. EV sales plateauing at 7% of new car sales and 49% of buyers saying they won’t buy another - despite massive government subsidies - proves it.
Might buy CXW back at more compelling valuations. It’s had a nice run in the last 18 months. We’ll never stop needing prisons.
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I like CXW’s website.
Like a advertisement for a hotel chain.
They do have a lot of facilities in CA so that could crimp things. I don’t envy Californians though. If CA pushes back and states like AZ don’t there will be a massive flood of illegals into CA.
Facilities
.
Californians love it, cheap labor.
When you factor in the free health care and other goodies Newsom gives them that labor isn’t so cheap.
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Stocks, bonds and gold like the CPI report. Dollar lower. The report didn’t look that great to me. Was there an expectation of a sharp rise?
.
Mag7 is down. Crypto miners e.g. CLSK are down.
.
Fading…
We were already at crazy multiples.
Nov 15, 2024
Today, everything decline except for Trump stocks (BTC, PLTR, TSLA, COIN).
Trump rally is gone.
