{"id":115574,"date":"2024-10-18T13:33:08","date_gmt":"2024-10-18T06:33:08","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=115574"},"modified":"2024-10-18T13:33:08","modified_gmt":"2024-10-18T06:33:08","slug":"this-billionaire-says-the-market-is-very-convinced-trump-will-be-victorious-next-month","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=115574","title":{"rendered":"This billionaire says the market is very convinced Trump will be victorious next month"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/profile\/company\/0850499D:US?sref=2jPYL79S\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.bloomberg.com\/profile\/company\/0850499D:US?sref=2jPYL79S\" rel=\"noopener\">Duquesne Family Office<\/a> founder and hedge fund manager <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1536411\/000153641124000007\/xslForm13F_X02\/primary_doc.xml\" target=\"_blank\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/www.sec.gov\/Archives\/edgar\/data\/1536411\/000153641124000007\/xslForm13F_X02\/primary_doc.xml\" rel=\"noopener\">Stanley Druckenmiller<\/a> said if you were to put a gun to his head, his guess is that former President Donald Trump <a href=\"https:\/\/fortune.com\/2024\/10\/14\/harris-vs-trump-polls-predictit-polymarket-election-odds\/\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/2024\/10\/14\/harris-vs-trump-polls-predictit-polymarket-election-odds\/\" rel=\"noopener\">defeats<\/a> Vice President Kamala Harris in the election next month.\u00a0<\/p>\n<div>\n<p>\u201cThank God there\u2019s not [a gun] to my head so this really doesn\u2019t matter; I would have to guess Trump is the favorite to win the election,\u201d said the billionaire macro-investor during an interview with <em>Bloomberg<\/em>\u2019s Sonali Basak this week. \u201cIt\u2019s an evolving situation and if you had asked me this 12 days ago, I would have said, \u2018I don\u2019t have a clue, it\u2019s still a total toss up and I don\u2019t have any conviction who is going to win the election.\u2019\u201d<\/p>\n<p>Now, however, the market appears <a href=\"https:\/\/fortune.com\/2024\/10\/10\/latest-trump-harris-poll-election-odds\/\" target=\"_self\" class=\"sc-93594058-0 fowfrQ  \" aria-label=\"Go to https:\/\/fortune.com\/2024\/10\/10\/latest-trump-harris-poll-election-odds\/\" rel=\"noopener\">very convinced<\/a> that Trump is going to win, he said. Industries that are deregulated are likely to benefit from Trump or outperform other companies, he noted.\u00a0\u00a0<\/p>\n<p>Druckenmiller\u2019s investment career spans three decades, with average annual returns of around 30%, including during the 2008 financial crisis. He\u2019s known for his analysis of economic trends and monetary policy as the basis for investment strategies and his ability to navigate various market conditions. He makes large, calculated bets based on this thinking, even when his theories are contrary to market momentum.\u00a0<\/p>\n<p>If Trump wins the presidential election, said Druckenmiller, it\u2019s likely there will be a cascading \u201cred sweep.\u201d\u00a0\u00a0<\/p>\n<p>\u201cPersonally I think anybody that votes for Trump is probably not going to change their ballot for a Democrat in Congress,\u201d he added. If that scenario plays out, the economy might be stronger for about three to six months, he said, and he\u2019s planning his investment strategy accordingly. It\u2019s like the Fed will be far more hawkish than it would be under a Harris administration, he noted.\u00a0<\/p>\n<p>For Druckenmiller, however, he\u2019s not voting for either candidate. He says he believes their industrial policies to be equally bad for free market capitalism, and Harris\u2019 policies to be \u201cworse\u201d for business and regulation.\u00a0<\/p>\n<p>\u201cBut, frankly, I grew up in America with a certain model of a president\u2014George Washington, Thomas Jefferson, Ronald Reagan was one in my lifetime where there was a certain dignity and behavior in the office,\u201d he said. \u201cAnd I don\u2019t judge anyone who wants to vote for Trump, but for me, it\u2019s just a red line so I\u2019ll probably write in someone when I get to the polls.\u201d<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/fortune.com\/2024\/10\/17\/billionaire-investor-stanley-druckenmiller-trump-win-kamala-harris-election\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duquesne Family Office founder and hedge fund manager Stanley Druckenmiller said if you were to put a gun to his head, his guess is that former President Donald Trump defeats &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=115574\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-115574","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115574"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/115574\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}