Billionaire investor says markets sign Trump win

“Thank God there’s not [a gun] to my head so this really doesn’t matter; I would have to guess Trump is the favorite to win the election,” mentioned the billionaire macro-investor throughout an interview with Bloomberg’s Sonali Basak this week. “It’s an evolving situation and if you had asked me this 12 days ago, I would have said, ‘I don’t have a clue, it’s still a total toss up and I don’t have any conviction who is going to win the election.’”

Now, nonetheless, the market seems very satisfied that Trump goes to win, he mentioned. Industries which might be deregulated are more likely to profit from Trump or outperform different firms, he famous.  

Druckenmiller’s funding profession spans three many years, with common annual returns of round 30%, together with throughout the 2008 monetary disaster. He’s recognized for his evaluation of financial tendencies and financial coverage as the idea for funding methods and his capacity to navigate varied market circumstances. He makes massive, calculated bets based mostly on this considering, even when his theories are opposite to market momentum. 

If Trump wins the presidential election, mentioned Druckenmiller, it’s probably there might be a cascading “red sweep.”  

“Personally I think anybody that votes for Trump is probably not going to change their ballot for a Democrat in Congress,” he added. If that state of affairs performs out, the financial system is perhaps stronger for about three to 6 months, he mentioned, and he’s planning his funding technique accordingly. It’s just like the Fed might be way more hawkish than it will be underneath a Harris administration, he famous. 

For Druckenmiller, nonetheless, he’s not voting for both candidate. He says he believes their industrial insurance policies to be equally dangerous without spending a dime market capitalism, and Harris’ insurance policies to be “worse” for enterprise and regulation. 

“But, frankly, I grew up in America with a certain model of a president—George Washington, Thomas Jefferson, Ronald Reagan was one in my lifetime where there was a certain dignity and behavior in the office,” he mentioned. “And I don’t judge anyone who wants to vote for Trump, but for me, it’s just a red line so I’ll probably write in someone when I get to the polls.”