Underdog Investors

In a wild turn of events, shares of Chinese software company Wisesoft Co., whose local name translates to "Trump Wins Big," skyrocketed by the maximum daily limit of 10% on Monday. This surge comes as speculation about Donald Trump’s potential election victory heats up following an assassination attempt. Wisesoft, known in Mandarin as “Chuan Da Zhi Sheng,” saw its stock soar in Shenzhen as investors bet on Trump's return to power. The frenzy in the market is a classic example of how Chinese retail investors love to speculate, especially when it comes to quirky homophones. As the dollar gained and Treasury futures dropped, traders were busy calculating the odds of Trump winning in November. Just last month, Wisesoft’s stock hit its limit-up after President Joe Biden seemed to stumble during his first TV debate with Trump. This isn’t the first time Wisesoft has made headlines either. The company shot to fame after Trump’s 2016 win, while "Aunt Hillary" (Yunnan Xiy...

Last night's debate was nothing short of a political slugfest, with Biden and Trump going toe-to-toe on issues that hit close to home for all of us. From soaring grocery bills to job security, the candidates' economic policies could make a big difference in your daily life. Let’s break down what they said about the economy and how it might impact you. Inflation: The Silent Wallet Killer Biden:  “There was no inflation when I took office because the economy was flat on its back with 15% unemployment. Trump decimated the economy. That's why inflation was low." Trump:  “Biden’s handling of inflation is disastrous. He inherited almost no inflation, but it skyrocketed under his watch because of reckless spending.” Relatable Insight:  Ever wondered why groceries and gas prices keep climbing? Biden says it's because he inherited a broken economy, while Trump argues that Biden’s spending habits are to blame. Who's right? Your budget feels the squeeze either way. The Ec...

Key Points: Markets think Trump’s debate win could mean a victory in November. Asian stocks are happy since there wasn’t much anti-China talk. The dollar inched up in Asian markets as investors saw former president Donald Trump as the winner of the first U.S. presidential debate. Bloomberg’s measure of the U.S. dollar rose as much as 0.2% on Friday before calming down, marking a sixth week of gains. President Joe Biden had a rough start in the debate, causing some to worry about his chances in the November election. Key Takeaways: Trump's Promises : Trump promised to add 10% tariffs on imports if he wins in November. This could push up prices, making it less likely for interest rates to be cut and thus supporting the U.S. dollar. Market Response : "Markets likely think today’s debate hints at a Trump win in November,” said Carol Kong, a strategist at Commonwealth Bank of Australia. “Trump’s policies might raise prices and trade tensions, which could help U.S. interest rates an...

Biden's Debate Disaster: A Campaign in Crisis? President Joe Biden's debate performance was nothing short of a train wreck. From coughing fits to repeated stumbles over facts, Biden's shaky showing has set off alarm bells about his age and capability. The Democratic Party is buzzing with chatter about possibly swapping him out for a fresher face on the ticket. Trump Steals the Show Former President Donald Trump brought his A-game, maintaining high energy and delivering relentless attacks. Despite his usual mix of exaggerations and outright falsehoods, Trump managed to stay composed and on point, avoiding the aggressive outbursts that plagued his past debates. This strong performance has solidified his lead, with many undecided voters now leaning his way. Debate Drama: Hot Issues on the Table Abortion : Biden fumbled a prime opportunity, awkwardly shifting to immigration, a topic he struggles with. Economy : Trump hit hard on Afghanistan, the border crisis, and inflation, wh...