Billionaire investor says market is ‘very convinced’ of Trump victory
.svg.png)
SUMMARY
Billionaire investor Stanley Druckenmiller stated that the market appears "very convinced" that former President Donald Trump will win the 2024 election. In an interview with Bloomberg Television, Druckenmiller cited trends in sectors like bank stocks, cryptocurrency, and Trump's social media company, DJT, as indicators of this belief. Despite Vice President Kamala Harris leading Trump by an average of 2.7 points in national polls, she faces tighter races in key battleground states like Arizona, Georgia, and Pennsylvania. Druckenmiller, however, expressed disillusionment with both candidates, criticizing their shared stance on industrial policy and government involvement in capital allocation. Though skeptical of both Harris and Trump, Druckenmiller has previously been linked to supporting other GOP figures, including former candidate Nikki Haley.
