The 2024 Presidential Election is here.
Everyone wants to know which way it will turn out.
And Kamala Harris just learned some brutal news about her chances.
As Conservative Reboot reports:
Duquesne Family Office CEO Stanley Druckenmiller is one of the most respected financial titans in America.
Druckenmiller made a fortune seeing trends before they develop and moving money ahead of the pack.
In an interview on Bloomberg, Druckenmiller gave his thoughts on the state of the 2024 race from a financial market perspective.
Druckenmiller said he always pays attention to the bets investors make before the election citing how in1980 all the pundits were claiming Jimmy Carter was going to win while Wall Street bet big on Ronald Reagan.
“It’s an evolving situation, if you had asked me twelve days ago I would have said I don’t have a clue. I still don’t have a conviction on who is going to win the election, but I like market indicators for the economy and for market restrictiveness. I also like them for elections, I remember how right the market was on Reagan in 1980, despite what the pundits were saying,” Druckenmiller began.
Druckenmiller then said that in the last two weeks he’s seen noticeable movement of money in the financial markets that are now pricing in a Trump victory on November 5.
Industries that Kamala Harris and Joe Biden crushed with regulations and taxes are seeing stocks rise as investors think there is another Trump economic boom on the horizon.
“I must say, in the last twelve days, the market and the inside of the market is very convinced Trump is going to win. You can see it in the bank stocks, you can see it in crypto, you can even see it in DJT — his social media company,” Druckenmiller added.
Druckenmiller said that the stocks for industries that benefit from deregulation are outperforming the rest of the market right now so his prediction would be that Trump defeats Kamala Harris.
“Throughout the whole — I would say, the industries that would be deregulated if we have deregulation and would benefit if we have Trump are outperforming the others. So, if you put a gun to my head — thank God there is not one to my head, so this really doesn’t matter — I would have to guess Trump is the favorite to win the election,” Druckenmiller concluded.
Kamala Harris presided over the worst inflation in 40 years.
And the only known economic proposals Kamala Harris put forward are $5 trillion in tax increases.
Wall Street – where some of Kamala Harris’ biggest donors reside – now looks like it’s preparing for a Trump win.
