Scott Besent, founder and CEO of Key Square Capital Management and former Soros fund manager, assesses the economic plans of both Trump and Harris, looks at market drivers ahead of the election and explains his support for the 45th president.
A billionaire investor and former money manager explained to George Soros why he believes markets are “so convinced” that former President Donald Trump will win the 2024 election.
Stanley Druckenmiller said Wednesday that over the past 12 days, Wall Street seemed “pretty convinced that Trump is going to win… You can see that in bank stocks, you can see it in cryptocurrencies.” In an interview with Bloomberg TV.
It’s already been a big week for bank stocks, with market data showing positive year-over-year trends for Bank of America, Wells Fargo, Citibank, and JPMorgan Chase.
Additionally, a new report released Thursday from Chainalysis found that North America It dominates the crypto market Globally, with an estimated $1.3 trillion on the blockchain.
Media stocks return to Trump as former president’s election odds increase
When asked who he intended to vote for in November, the investor replied: “I would certainly never support either of them.”
Stanley Druckenmiller told Bloomberg that he and the markets are “very convinced” that Trump will win the presidential election in November. (Getty Images)
Druckenmiller previously worked as a hedge fund manager for left-leaning media mogul George Soros before founding his own investment firm Duquesne Capital in 1981.
He also reportedly told Bloomberg that he thinks Trump is “arrogant” and that a Harris-Wales presidency would be bad for business.
“Maybe I’ll write to someone when I go to the polls,” he said.
Former President Donald Trump sits down with “Fox & Friends” to discuss the Al Smith charity dinner, Vice President Harris’ decision to skip the event, and his record heading into the 2024 presidential election.
Turning his focus to Congress, Druckenmiller predicted that it is “extremely unlikely” that Democrats will control both chambers — even if Vice President Harris is elected — and that a red sweep “is perhaps more likely than a Trump presidency with a blue Congress.” “.
Scott Besant, a Soros Fund alumnus, appeared on Fox Business’ “Morning with Maria” this week, claiming that Trump is proposing a “growth agenda” and that world leaders know “he means business.”
“I expect President Trump to win,” the CEO of KeySquare Capital Management said on Wednesday. “I would like to help in any way I can, from home or abroad. But there will be no jobs if he doesn’t win.” .
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GOP pollster Mitchell Brown discusses whether Trump can maintain his momentum after Harris’ interview with Fox News on “Varney & Co.”
“Donald Trump has added a new leg to Trump’s chair. Alexander Hamilton loved tariffs. He’s the original tariff guy, and he did it to raise revenues and protect American industry. Donald Trump added a negotiating leg,” Bescent added.
The market betting odds are also heavily skewed in Trump’s favor, according to The Wall Street JournalFour Polymarket accounts pumped about $30 million in cryptocurrencies into bets that the 45th president would win.
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