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The Trump Trade Can Still Win Bigly

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In Episode 8 of the T3 Brain Trust, the team explains why the Trump Rally can keep on going:

This episode is JAMMED with insights from our team:

JR Highlights:

  • Bitcoin can go to $126,000 – a prediction he admits is “fully preposterous”
  • Tesla (TSLA) could correct to $310 to $312.50 before a big rally to $400
  • SPX can hit 6700 in Q1
  • The market has undergone a massive change in character since the election
  • He is now a “small cap megabull”
  • The market is not pricing in GDP and wage growth, which could offset higher inflation
  • Nvidia (NVDA) is going to $200
  • We are not near the top in AI because demand is being underestimated
  • The payment processors including Block (SQ) have big upside potential

Sami's Highlights:

  • Bitcoin has NOT gone climactic yet the way China did
  • Tesla still looks fantastic
  • The market rally has more room to go
  • NVDA looks bullish right now – though he hasn't made an opinion on earnings just yet
  • There are not many great charts because his favorite names like Twilio (TWLO) and Zoom (ZM) have rallied so much
  • He is mega-bullish on Affirm Holdings (AFRM)

Derrick Highlights:

  • The reason he does not trade Bitcoin – even if he thinks he can make money from it
  • Why he was short 2 of the hottest names in the market — Palantir (PLTR) and Tesla (TSLA)
  • Why TSLA was headed to $315 to $317 (which it reached the day after this stream)
  • How he used the Level 2 to spot a shorting opportunity in PLTR
  • NVDA needs a big earnings report to rally because it is hyped up
  • He is bullish on the market overall – though interest rates and the US dollar represent a risk

*Derrick Oldensmith's Positions as of 2024-11-14 at 10:40 am ET: Long BABA, BYON, CVX, DIS, EVGN, GDX, JD, PATH, QRTEA, TELO, TSE, TZA, U; is short BITX, PLTR, TQQQ, TSLA, UPRO

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