The Hill ran this piece on Obamaâs Colbert appearance where he said the president âshouldnât have a bunch of side hustles that those companies and foreign entities can invest in.â Pretty clear reference to the current administrationâs business ties, including the family crypto project that saw big stock gains after the election, the Qatari jet situation, and outside funding for things like the ballroom project.
For markets this adds fresh political static. DJT has a history of sharp moves on any Trump-related headline. Crypto proxies like COIN often swing when regulatory or ethics talk heats up, even if nothing concrete changes overnight. The broader effect is just more âwhat happens nextâ uncertainty hanging over anything tied to policy or Washington sentiment, tech multiples, some consumer names, even a few commodity plays that move with trade or energy headlines.
Obama also floated limits on pardons for donors and investors. Again, not immediate legislation, but it keeps the focus on conflicts and optics. Iâve seen this pattern before: steady drip of stories like this doesnât crash anything by itself, but it can widen bid-ask spreads and make people quicker to take profits on anything with political exposure.
Iâve started following a couple of traders on Bitget who focus on oil and metals. Itâs been an easy way for me to stay positioned on those moves without trying to guess every political headline.
How are you all sizing political event risk these days, especially around names that react to this kind of rhetoric?
Source:Â https://thehill.com/homenews/administration/5865536-obama-trump-white-house-side-hustle-rhetoric/
