Billionaire investor says market is ‘very convinced’ of Trump victory
BY TARA SUTER - 10/16/24 10:57 PM ET
Billionaire investor Stanley Druckenmiller said Wednesday that the market
is “very convinced” of an election victory for former President Trump.
“I must say, in the last 12 days, the market and the inside of the market, is
very convinced Trump is going to win,” Druckenmiller said in an interview
on Bloomberg Television with the outlet’s Sonali Basak. “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.”
Vice President Harris is currently leading Trump in an average of national
polls from The Hill/Decision Desk HQ by 2.7 points, but is facing much
tighter margins in battleground states. In The Hill/Decision Desk HQ
averages of polls from states including Arizona, Georgia and
Pennsylvania, Harris is down 1.5 points, 1.9 points and up 0.3 points in
each state respectively.
Druckenmiller said he cannot “see” himself “voting for either” Harris or
Trump in his Bloomberg interview.
“They’re actually unified on some things, like industrial policy,”
Druckenmiller said. “Both of them think, apparently, the government
should have a major role in allocating capital, which I find, frankly, Sonali,
bizarre.”
Bloomberg News reported earlier this year that a group of Wall Street
billionaires including Druckenmiller was organizing a fundraiser for former
GOP presidential primary candidate Nikki Haley in New York City in late
January.
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