Market Certain Trump Will Triumph, Says Former Soros Manager
US billionaire fund manager Stanley Druckenmiller states that the markets anticipate Donald Trump will triumph over Kamala Harris in the forthcoming presidential election. Read Full Article at RT.com
TroibNews 
Bank and cryptocurrency stocks are signaling support for the Republican nominee, according to American billionaire investor Stanley Druckenmiller in a recent interview with Bloomberg Television.
Druckenmiller, who is the founder of the Duquesne Family Office investment firm and a hedge fund manager, noted that market trends clearly reflect a preference for a Donald Trump victory in the upcoming U.S. presidential election. He highlighted that this sentiment is evident in bank stocks, cryptocurrency values, and even the performance of Trump Media & Technology Group, the former president’s social media company.
“I would have to guess Trump is the favorite to win the election,” he stated, indicating that the market has been "very convinced Trump is going to win" for the past 12 days.
Having historically managed assets for George Soros, the prominent billionaire political activist and Democratic mega-donor, Druckenmiller shared his thoughts on the implications of a Trump win coupled with a Republican-controlled Congress. He believes it is “extremely unlikely” for Democrats to take control of Congress, even with Kamala Harris potentially in the Oval Office.
Druckenmiller, who previously supported former South Carolina Governor Nikki Haley in her campaign against Trump, commented that equities could face challenges for three to six months if a "blue sweep" occurs—where Democrats secure the presidency, Senate, and House of Representatives. He added that a red sweep scenario is “probably more likely than a Trump presidency with a blue Congress.”
“Personally, I think anybody that votes for Trump is probably not going to change their ballot for a Democrat in Congress,” he remarked.
Additionally, Druckenmiller anticipates that the Federal Reserve will adopt a more hawkish stance under a Republican administration compared to a Harris-led one. He expressed that the significant rate cut of 50 basis points in September was a mistake, and indicated that his investment firm took a short position on bonds, expecting their prices to decline following the announcement. Druckenmiller called for the market to adjust its expectations regarding the speed and scale of central-bank easing.
Rohan Mehta contributed to this report for TROIB News
Druckenmiller, who is the founder of the Duquesne Family Office investment firm and a hedge fund manager, noted that market trends clearly reflect a preference for a Donald Trump victory in the upcoming U.S. presidential election. He highlighted that this sentiment is evident in bank stocks, cryptocurrency values, and even the performance of Trump Media & Technology Group, the former president’s social media company.
“I would have to guess Trump is the favorite to win the election,” he stated, indicating that the market has been "very convinced Trump is going to win" for the past 12 days.
Having historically managed assets for George Soros, the prominent billionaire political activist and Democratic mega-donor, Druckenmiller shared his thoughts on the implications of a Trump win coupled with a Republican-controlled Congress. He believes it is “extremely unlikely” for Democrats to take control of Congress, even with Kamala Harris potentially in the Oval Office.
Druckenmiller, who previously supported former South Carolina Governor Nikki Haley in her campaign against Trump, commented that equities could face challenges for three to six months if a "blue sweep" occurs—where Democrats secure the presidency, Senate, and House of Representatives. He added that a red sweep scenario is “probably more likely than a Trump presidency with a blue Congress.”
“Personally, I think anybody that votes for Trump is probably not going to change their ballot for a Democrat in Congress,” he remarked.
Additionally, Druckenmiller anticipates that the Federal Reserve will adopt a more hawkish stance under a Republican administration compared to a Harris-led one. He expressed that the significant rate cut of 50 basis points in September was a mistake, and indicated that his investment firm took a short position on bonds, expecting their prices to decline following the announcement. Druckenmiller called for the market to adjust its expectations regarding the speed and scale of central-bank easing.
Rohan Mehta contributed to this report for TROIB News
