川普何時會衝上集會高峰？

當川普在 11 月贏得美國總統大選時，股市上漲（即川普上漲）隨之而來。特斯拉（TSLA）是最受關注的汽車製造商，股價幾乎翻了一番。 TSLA 股價從 250 美元以下上漲至 488.54 美元。

The stock market rally, also known as the Trump bump, has been closely followed by many investors. Several stocks have performed exceptionally well during this period. Among them, Tesla (NASDAQ:TSLA) stock has been a standout performer, nearly doubling in value. The stock price rose from below $250 to reach a high of $488.54.

股市上漲，也被稱為川普上漲，受到許多投資者的密切關注。在此期間，有幾隻股票表現異常出色。其中，特斯拉（納斯達克股票代碼：TSLA）股票表現突出，價值幾乎翻倍。股價從250美元以下上漲至488.54美元的高點。

Cryptocurrency markets have also seen a strong rally. Both Ethereum (NYSE:ETH-USD) and Bitcoin (NYSE:BTC-USD) have rallied significantly. Another stock that has enjoyed a stock price double is Coinbase (NASDAQ:COIN). However, some cryptos, such as LIF3, have traded lower.

加密貨幣市場也出現強勁反彈。以太坊（NYSE：ETH-USD）和比特幣（NYSE：BTC-USD）均大幅上漲。另一支股價翻倍的股票是 Coinbase（納斯達克股票代碼：COIN）。然而，一些加密貨幣（例如 LIF3）的交易價格較低。

As we look ahead, some stocks, such as Mara stock (NASDAQ:MARA), are at risk of giving back their gains. The stock price formed a “double top” at around $27 and closed at $18.44 on December 27. Similarly, Riot Platforms (NASDAQ:RIOT) stock peaked at $18.75 and closed the week below $11.

展望未來，一些股票，例如瑪拉股票（納斯達克股票代碼：MARA），面臨回吐漲幅的風險。該股價格在 27 美元左右形成“雙頂”，12 月 27 日收於 18.44 美元。

The volatility in the markets is suggesting that traders should be asking when the Trump bump rally may peak.

市場的波動表明交易者應該詢問川普的反彈何時可能達到頂峰。

The stock bump rally may lose momentum after the inauguration on Jan. 20. As Trump takes office, the party will begin introducing policies and legislation. This contrasts with the current period, which is marked by policy threats that have not yet been implemented. For instance, tariffs against Canada caused the Canadian dollar (NYSEARCA:FXC) to trade nearly 2.5% lower over the past month.

1月20日就職後，股市上漲動能可能失去動力。這與當前時期形成鮮明對比，當前時期的特徵是政策威脅尚未實施。例如，針對加拿大的關稅導致加幣 (NYSEARCA:FXC) 在過去一個月下跌近 2.5%。

Mexico’s (NYSEARCA:EWW) stock market also performed poorly. The iShares MSCI Mexico ETF (NYSEARCA:EWW) continued to trade lower in a downtrend. In Europe, the Euro (NYSEARCA:FXE) dropped, while Japan’s Yen Trust ETF (NYSEARCA:FXY) also fell.

墨西哥（NYSEARCA：EWW）股市也表現不佳。 iShares MSCI 墨西哥 ETF (NYSEARCA:EWW) 在下跌趨勢中持續走低。在歐洲，歐元 (NYSEARCA:FXE) 下跌，而日本日圓信託 ETF (NYSEARCA:FXY) 也下跌。

After pricing in the worst-case scenario, those ETFs may be due for a relief rally.

在以最壞情況定價後，這些 ETF 可能會出現緩解性反彈。