The billionaire investor recently claimed that the stock market is pretty sure who will win the November presidential election.
Stanley Druckenmiller said in an interview with Bloomberg TV on October 16th. said“I have to say that over the past 12 days, the market and the markets have become very confident that Trump will win.”
Chairman and CEO of Duquesne Family Offices continued:
You can see it in bank stocks, cryptocurrencies, and even his social media company DJT. But overall…I think the industries that are deregulated will either benefit from President Trump or outperform other industries if there is deregulation. So if you put a gun to my head — and thank God there's no gun to my head, so this doesn't really matter — I'd say that. I think, I would guess that Trump is the favorite to win the election.
According to Bloomberg reportDruckenmiller is not vote He said he would vote for either former President Donald Trump (Republican) or his opponent, Vice President Kamala Harris (Democrat), but that he would “probably” write someone a letter if he went to the polls.
“Druckenmiller, 71, managed money for George Soros for more than a decade and financed Nikki Haley’s primary campaign against Trump. Even if they did, the article predicted that it was “very unlikely” that Democrats would take control of Congress.
In early August, President Trump responded to the stock market crash, writing in a post on Truth Social: “Voters have a choice: Trump’s prosperity or Kamala’s collapse and the Great Depression of 2024. Not to mention, if these are very real, consider the possibility of World War III. “Stupid people remain in power,'' Breitbart News reported.
“Remember, Trump was right about everything!!!” he added.
According to Breitbart News, Republican megadonor and hedge fund billionaire John Paulson said in September that he would take money out of the stock market if Harris wins the election.
“If Harris were elected, I would take money out of the market,” Paulson said. I would go for cash and gold because I think the uncertainty regarding the plan they have outlined will create a lot of uncertainty in the market and will probably cause the market to fall. ”
