PANews November 5th news, according to Cointelegraph, TV personality Jim Cramer pointed out while reviewing the stock market performance that investor confidence in U.S. Vice President Harris winning the 2024 presidential election is increasing. However, due to the existence of the 'Cramer inverse' effect, where Cramer's predictions often contradict the outcomes, some investors view his prediction for Harris as a signal for Trump's victory. Cramer's prediction was made the day before the U.S. election day, at which point cryptocurrency also became a political focal point.
Previously, an ETF aimed at profiting from shorting Cramer's stock recommendations was born due to the Cramer inverse trend, but the ETF was closed and liquidated just 10 months after its establishment due to poor performance, having attracted only $2.4 million in investments and recorded a negative 15% return since its launch, further proving that Cramer's predictions are not always accurate.