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Reading: Billionaire investor says market is ‘very satisfied’ of Trump victory
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Billionaire investor says market is ‘very satisfied’ of Trump victory

Editorial Board
Editorial Board Published October 17, 2024
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Billionaire investor says market is ‘very satisfied’ of Trump victory
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Billionaire investor says market is ‘very satisfied’ of Trump victory

Billionaire investor Stanley Druckenmiller stated Wednesday that the market is “very convinced” of an election victory for former President Trump.

“I must say, in the last 12 days, the market and the inside of the market, is very convinced Trump is going to win,” Druckenmiller stated in an interview on Bloomberg Tv with the outlet’s Sonali Basak. “You can see it in the bank stocks, you can see it in crypto, you can even see it in DJT, his social media company.”

Vice President Harris is presently main Trump in a median of nationwide polls from The Hill/Determination Desk HQ by 2.7 factors, however is going through a lot tighter margins in battleground states. In The Hill/Determination Desk HQ averages of polls from states together with Arizona, Georgia and Pennsylvania, Harris is down 1.5 factors, 1.9 factors and up 0.3 factors in every state respectively.

Druckenmiller stated he can’t “see” himself “voting for either” Harris or Trump in his Bloomberg interview.

“They’re actually unified on some things, like industrial policy,” Druckenmiller stated. “Both of them think, apparently, the government should have a major role in allocating capital, which I find, frankly, Sonali, bizarre.”

Bloomberg Information reported earlier this 12 months {that a} group of Wall Road billionaires together with Druckenmiller was organizing a fundraiser for former GOP presidential main candidate Nikki Haley in New York Metropolis in late January.

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