Judging from last night's situation, the "Trump trade" is starting to cool down.

After Biden withdrew from the race, the approval rating of Democratic nominee Harris rose rapidly, raising over $80 million within 24 hours of launching her campaign, combined with Biden's existing nearly $100 million war chest. In this grand competition, it seems the Democrats are gradually getting back on track after their initial setbacks and readjustments.

If we look at the previous Trump vs. Hillary presidential election, Trump unexpectedly won as a dark horse. If the market learned any lesson from that surprise, it's not to bet too heavily on a potential winner. Now, as the Democrats regroup, the market is no longer blindly betting on Trump.

Because of this, tech stocks like Nvidia (representing the AI sector), Google, and Meta have started to recover slightly after significant declines. However, this week, tech stocks will need to refocus on earnings fundamentals. Tesla and Google are both set to release their earnings reports this week. Note that earnings-based trading should not only focus on these two companies' results but also consider the logical spillover effects on their peers.