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

On December 1st, according to the WSJ, stocks and cryptocurrencies associated with US President Trump are mired in a deep slump, causing significant losses for some of his most loyal supporters. Shares of Trump's DJT have plummeted 75% since his inauguration. The cryptocurrency "meme," named after Trump and First Lady Melania, has fallen 86% and 99% respectively since his inauguration. World Liberty Financial, a Trump family-owned crypto project, has also fallen approximately 40% since its launch in September. Both stocks and cryptocurrencies directly linked to the president and his family have suffered heavy losses, reflecting a general correction in the overvalued, highly speculative market, including Bitcoin and AI leaders like CoreWeave. The market had initially expected the new administration to push for deregulation, tax cuts, and supportive policies for cryptocurrencies, driving related assets higher. However, Trump's policies on global trade since returning to power have disrupted these bets, with investors focusing on the companies' actual performance rather than his political future. For example, DJT, according to FactSet data, has a price-to-sales ratio as high as 1,240. The Trump family's crypto businesses (such as World Liberty Financial and American Bitcoin) have also been impacted by the recent cryptocurrency crash. It's not just Trump's assets; the entire meme speculation frenzy is cooling down. DJT is just one of many meme stocks that have recently suffered heavy losses, indicating a clear cooling of market speculative enthusiasm. Nick Giorgi, chief equity strategist at Alpine Macro, stated, "This is a healthy correction after the speculative frenzy." He pointed out that indices tracking meme stocks, retail investor favorites, loss-making tech stocks, and momentum stocks have all fallen sharply over the past month.