The article discusses the declining performance of assets tied to President Trump, which are plummeting more than the wider market amid investor skepticism. Prominent stocks like Palantir, Trump Media & Technology Group, and Tesla have seen significant drops, failing to measure up to the S&P 500's decline. Additionally, cryptocurrency associated with Trump has also fallen sharply. While 10-year Treasury yields have dropped, reflecting market apprehension about economic growth, rising recession fears loom large over market dynamics, indicating a lack of overall confidence in Trump's economic strategies.
"The first crypto president has seen bitcoin fall 8% in the last month, even factoring in the huge rally he sparked last weekend by advancing the idea of a national crypto reserve."
"Not every Trump trade has gone entirely badly, in the administration's view. Yields on U.S. 10-year Treasury bonds are about 14 basis points lower now than they were a month ago."
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