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Wall Street Seems to be Signaling a Trump Win

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Posted By: Dreadnought, 10/24/2024 12:49:01 AM

Don't take my word for it, here's what the Wall Street Journal reported yesterday about how markets seem to be preparing for a Trump win. Some large hedge funds and money managers, sensing a potential shift in momentum, are getting behind trades that could pay out if Donald Trump beats Kamala Harris in the presidential election. While most polling still shows a tight race, that shift has rippled across markets in recent weeks, boosting assets seen as likely to benefit from a Republican victory. For instance, private-prison operator GEO Group is up 21% in October, on pace for its best month since 2022, while bitcoin miner Riot Platforms has risen 34%.

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Reply 1 - Posted by: chumley 10/24/2024 8:28:24 AM (No. 1818907)
And yet the Dow has dropped hard for three straight days. I've decided the only profession held to accuracy less than a weather man is a financial guru.
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Reply 2 - Posted by: Strike3 10/24/2024 8:54:00 AM (No. 1818931)
This election determines the future existence of America, not who makes a few more dollars on Wall Street.
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