Shares of Trump Media Group (DJT, Financial) declined by over 8.7% to $30.49. The decrease comes amid ongoing market volatility influenced by major economic events. Key factors include rate cuts of 25 basis points by both the Federal Reserve and the Bank of England, which have impacted bond yields. Specifically, the yield on the 10-year U.S. Treasury has dropped 7 basis points to 4.30% within a week.
Goldman Sachs trader Mike Washington highlighted investor fatigue due to these conditions alongside a prolonged earnings report cycle. Despite the challenges, Washington remains optimistic, predicting that market dynamics will persist with a focus on smaller-cap companies and opportunities in cyclical and inflation-related sectors.
