Trump-victory trades to swell after shooting, investors say
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Investors predict that trades betting on Donald Trump's victory in the 2024 election will increase after the shooting incident at his campaign rally in Pennsylvania. The shooting, treated as an assassination attempt, raises Trump's odds of winning back the White House. Before the incident, markets had reacted to the prospect of a Trump presidency by pushing the dollar higher and positioning for a steeper U.S. Treasury yield curve. Investors expect a more hawkish trade policy, less regulation, looser climate change regulations, and an extension of corporate and personal tax cuts under Trump. Stock prices have been rising, with the S&P 500 and Dow Jones Industrial Average hitting record highs. CEO confidence, consumer sentiment, and small business optimism have historically shifted more favorably in response to Republican victories. World leaders and U.S. politicians condemned the shooting, while some industry executives, including Elon Musk, declared their support for Trump.
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https://finance.yahoo.com/news/trump-victory-trades-swell-shooting-074048986.html