The stock market will continue to rise as investors expect former President Donald Trump to defeat President Joe Biden in the upcoming presidential election, said founder and chief executive of top investment firm Key Square Capital Management LLC. said CEO Scott Bessent, a billionaire investor. Breitbart News Saturdayhighlighting his 18-page memo sent to investors on Wednesday that went viral.
In a note to investors, he detailed the political influence on the market and identified a “Trump rally” in the market, which he described in detail. Bessent said he has his own political views, but said this is an analytical and financial view based on two factors.
“Our company studies history. We think about the future. We try to analyze what’s happening now. And this is a Trump rally, two “We have come to the conclusion that it is driven by different factors,” he said, identifying one of them as “investors anchored on November 5th.”
“So if President Trump is ahead in the polls,” investors will believe that many of the Trump-era policies will be reinstated, such as lowering taxes and restoring the Trump tax cuts, he explained. Deregulation is also an important factor, as are other factors.
“I think the risk of a foreign war will be significantly reduced under President Trump if we continue to be energy independent and have energy security,” he said, adding that Treasury Secretary Janet Yellen is also considering these options. added. poll.
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“The Federal Reserve is paying attention to these polls and pumping. And look, this is nothing new. This has been widely known since 1940. The stock market won’t go down in an election year if someone is running for office. Why? Because the incumbent corporate apparatus just keeps injecting liquidity. “We think we’ve put in a huge amount of stimulus, or we may continue to put in a lot of stimulus. We have these huge budget deficits,” he explained, with most of that going to Washington, D.C. and New York City. He added that the Fed is “implicitly biased” because of the
“They’re playing ball with Janet Yellen. They recently switched to moderation bias. [and] Financial conditions have eased. So what I’m saying is, it’s two things. We’re in their nirvana stage now,” he said, explaining that polls show Trump ahead of Biden in varying degrees.
“Investors can imagine that we’re going to go back to President Trump’s policies on November 5th, November, and then January 2025. And then there’s Yellen, but as we get closer to November 5th, There may be even more panic,” he added.
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