WSJ: Since Trump returned to the White House, investments related to him have faced setbacks.

On December 1, according to WSJ, stocks and Crypto Assets related to President Trump are deeply mired in a slump, causing significant losses for some of his most loyal supporters. The stock price of DJT, under Trump, has plummeted 75% since his inauguration. The digital “meme coins” named after Trump and First Lady Melania have dropped 86% and 99%, respectively, since the inauguration. The crypto project World Liberty Financial, under the Trump family, has also fallen about 40% since its launch in September. Stocks and digital currencies directly associated with the president or his family have suffered setbacks, reflecting a general pullback in the entire overvalued, highly speculative market (including Bitcoin and AI leaders like CoreWeave). The market originally expected the new government to promote deregulation, tax cuts, and support for monetary policy, driving related assets to continue to rise. However, after Trump regained power, his policies on global trade disrupted these bets, leading investors to focus on the actual performance of these companies rather than his political prospects. For example, DJT, according to FactSet data, has a price-to-sales ratio as high as 1,240 times. The Trump family's crypto businesses (such as World Liberty Financial and American Bitcoin) have also been impacted by the recent big dump in Crypto Assets. It's not just Trump's assets that are affected; the entire “meme” speculation frenzy is cooling down, and DJT is just one of many “meme stocks” that have recently suffered significant losses, indicating a clear cooling of market speculation enthusiasm. Nick Giorgi, chief equity strategist at Alpine Macro, stated: “This is a healthy pullback after speculative frenzy.” He pointed out that indices tracking meme stocks, retail investor favorites, loss-making tech stocks, and momentum stocks have all significantly declined over the past month.