Wall Street is “very confident” that former President Donald Trump will win the 2024 presidential election, according to a billionaire investor who once managed money for George Soros.
Stan Druckenmiller, who left his job making money for left-wing tycoon Soros to start his own investment firm Duquesne Capital, said the market has been pricing in a Trump victory over the past two weeks. was shown.
“You see it in bank stocks and in cryptocurrencies,” Druckenmiller said. told Bloomberg News. “Over the past 12 days, markets and market insiders have become increasingly confident that Trump will win.”
Asked who he would vote for, Druckenmiller said: “I definitely don't support either person.”
Druckenmiller said banking and cryptocurrencies are areas of the economy that would benefit greatly from President Trump's pledge to deregulate the industry. Its net worth is assessed by the Bloomberg Billionaires Index 9.98 billion dollars.
Bank stocks such as JPMorgan Chase, Bank of America and Citigroup have soared in recent days after reporting better-than-expected earnings.
“If a gun was put to my head…I think Trump would have an advantage in the election,” he said.
Druckenmiller said that even if the Democratic candidate, Vice President Kamala Harris, wins, she will not be able to do so, given that polls in each state show Republicans are favored to win a majority in the Senate. He said he would not be able to realize much of the agenda.
He predicted a “red sweep,” in which President Trump wins and Republicans gain a majority in both houses of Congress, is “more likely.”
Mr. Druckenmiller said Mr. Trump and Ms. Harris “really agree on some things, such as industrial policy.”
“They both seem to think the government should play a major role in allocating capital, which I find frankly odd,” he said.
Druckenmiller said that while both Democrats and Republicans are “throwing aside free-market, Reagan capitalism,” Harris' policies are “much worse in terms of anti-business and regulation.”
Druckenmiller called President Trump a “thug” who lacks the “dignity” of President Ronald Reagan and other presidents.
“If you go to vote, you’re probably going to write to someone,” he said.
of Latest FOX News Poll Although the vice president has a slight lead in key battleground states, the results show that Trump has a lead over Harris nationally.
According to a Fox News poll, Mr. Trump has a 50% to 48% lead over Ms. Harris, but Democrats have a 6-point lead among voters in the seven swing states that will decide the election.
A Reuters/Ipsos poll showed Ms. Harris holding a narrow 3-point lead over Mr. Trump.
Ms. Harris entered the race in July after Mr. Biden called off her re-election bid following her poor performance in a debate against Mr. Trump in June.
At the time, Trump was widely seen as the front-runner, based in part on his perception of the strength of the economy, where inflation had eased in recent months after years of high inflation under the Biden administration. Ta.
