The Assassination Attempt On Trump

My ZeroHedge post on it.

Trump defiant after the attempt on his life. Photo by AP photographer Evan Vucci.

My ZeroHedge Post On This

My post on ZeroHedge (Reactions to The Assassination Attempt On Trump) includes a lot of X posts, which can no longer be embedded on Substack (thanks to Substack coming out with a Twitter/X competitor last year and Elon Musk taking away their API access in retaliation), but you can read it at the link above.

The only investing-related point I make is that Trump surviving this attempt appears to have been bullish for Bitcoin, as this increases the chances Trump will win in November, and he is seen as the Bitcoin candidate:

The Market Reaction 

One market open on Saturday evening was the crypto market, which is always open. Bitcoin bounced after Trump survived his assassination attempt. 

That makes sense. The optics of Trump's bravery and defiance after the shooting made it more likely that Trump will win in November, and Trump is seen as the pro-Bitcoin candidate--he's even scheduled to speak at a Bitcoin conference this month. 

In The Portfolio Armor Substack, we placed our most recent bullish Bitcoin-related trade earlier this month. 

I had another Bitcoin-related trade idea teed up for Monday--a Bitcoin miner that ended up in our top ten names on Friday--but whether I place that trade will depend on Monday's market action.