特朗普何时会冲上集会高峰？

当特朗普在 11 月赢得美国总统大选时，股市上涨（即特朗普上涨）随之而来。特斯拉（TSLA）是最受关注的汽车制造商，其股价几乎翻了一番。 TSLA 股价从 250 美元以下上涨至 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.

股市上涨，也被称为特朗普上涨，受到许多投资者的密切关注。在此期间，有几只股票表现异常出色。其中，特斯拉（纳斯达克股票代码：TSLA）股票表现突出，价值几乎翻倍。股价从250美元以下上涨至488.54美元的高位。

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.

加密货币市场也出现强劲反弹。以太坊（纽约证券交易所代码：ETH-USD）和比特币（纽约证券交易所代码：BTC-USD）均大幅上涨。另一支股价翻倍的股票是 Coinbase（纳斯达克股票代码：COIN）。然而，一些加密货币（例如 LIF3）的交易价格较低。

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.

展望未来，一些股票，例如玛拉股票（纳斯达克股票代码：MARA），面临回吐涨幅的风险。该股价格在 27 美元左右形成“双顶”，12 月 27 日收于 18.44 美元。同样，Riot Platforms (纳斯达克股票代码：RIOT) 股价最高达到 18.75 美元，本周收盘低于 11 美元。

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

市场的波动表明交易者应该询问特朗普的反弹何时可能达到顶峰。

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日就职后，股市上涨势头可能会失去动力。随着特朗普上任，该党将开始出台政策和立法。这与当前时期形成鲜明对比，当前时期的特点是政策威胁尚未实施。例如，针对加拿大的关税导致加元 (NYSEARCA:FXC) 在过去一个月下跌近 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）股市也表现不佳。 iShares MSCI 墨西哥 ETF (NYSEARCA:EWW) 在下跌趋势中继续走低。在欧洲，欧元 (NYSEARCA:FXE) 下跌，而日本日元信托 ETF (NYSEARCA:FXY) 也下跌。

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

在按照最坏情况定价后，这些 ETF 可能会出现缓解性反弹。