Markets Give Kamala Harris the Upper Hand in Presidential Debate

What if the market's reaction to the debate is more about sentiment than substance? Has the analyst's assumption that markets are accurately predicting the election outcome been tested? Or is it just a fleeting reaction to a momentary shift in perceived probability? As the dust settles on Tuesday's presidential debate, markets are painting a clear picture: Kamala Harris won. At least, that's what investors are telling us by selling off assets tied to the so-called Trump trade and piling into renewable-energy stocks. But is this more than just a knee-jerk reaction? Does the market's reaction to the debate truly reflect the mood of the nation, or is it just a bunch of people trading on emotions rather than facts? The numbers are stark. Trump Media & Technology Group saw its stock price plummet to a record low, while bitcoin took a 3% hit. The US dollar, on the other hand, weakened against a basket of currencies. But what about the renewable-energy stocks? Are they really the future of energy, or are they just a flash in the pan? And what about the solar stocks that surged by as much as 8%? Is this just a bubble waiting to burst? As the debate's aftermath settles, it's clear that markets are looking ahead to the outcome of the election. But what if this assumption is wrong? What might the author have missed? It's still anyone's election, and with the possibility of another debate in October, it's wise to take a step back and re-evaluate the situation. So, let's not get too carried away with the market's reaction just yet. The market's reaction to the debate is not always a clear reflection of the election's outcome. It's time to separate sentiment from substance and look at the bigger picture.The numbers are stark. Trump Media & Technology Group saw its stock price plummet to a record low, while bitcoin took a 3% hit. The US dollar, on the other hand, weakened against a basket of currencies. But what about the renewable-energy stocks? Are they really the future of energy, or are they just a flash in the pan? And what about the solar stocks that surged by as much as 8%? Is this just a bubble waiting to burst?