Jim Cramer predicts Harris' victory, but investors are optimistic about Trump's victory due to the reverse effect

According to Cointelegraph, television celebrity Jim Cramer pointed out in his review of stock market performance that investors' confidence in Vice President Harris' victory in the 2024 presidential election is increasing. However, due to the existence of the "Cramer reverse" effect, where Cramer's predictions often contradict the results, some investors see his predictions for Harris as a signal of Trump's victory. Cramer's prediction was made the day before the US election, when cryptocurrency also became a political focus for the first time. Previously, an ETF aimed at profiting from short selling Cramer's stocks was born due to Cramer's reverse trend, but the ETF closed for liquidation after only 10 months due to poor performance, attracting only $2.4 million in investment and recording a negative 15% return since its launch, further proving that Cramer's predictions are not always accurate.