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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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From: StockDung10/23/2024 2:49:45 PM
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Billionaire investor Daniel Loeb bets on a Trump victory, says Republicans will be good for financial markets

The Feed Last Updated: 18 October, 2024 06:44 AM -4 GMT

Synopsis
A billionaire investor has suddenly surprised everyone by claiming that Donald Trump and the Republican Party have a high chance of emerging victorious in the upcoming US elections in November, and that their policies could indeed be helpful for the overall growth of the US stock and investment market.


Billionaire investor Daniel Loeb has suddenly adjusted his stance in order to claim that the Republicans are good for being at the helm of the government at the White House. He is of the opinion that the Republican party's policies will actually help in boosting financial markets in the United States, if Donald Trump comes to power after the US elections in November.

Is a Donald Trump regime healthy for the US stock market?Loeb is not the only one who is looking at adjusting his portfolio, in order to capture a potential boom in the financial markets in the scenario that the Republicans come into power. There are many who are betting on some particular stocks that are destined to skyrocket if Donald Trump ascends to power at the White House. These are more informally referred to as 'Trump trades', and are behaving according to the elections and the growth of the Republican party's popularity ratings.

Also Read: Harris leads Trump by 4 points in this new survey; can she go all the way

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Is Donald Trump's popularity soaring?Loeb is of the opinion that Donald Trump is more likely to win the White House and the chances of a republican victory has somewhat increased in recent times, which has the potential to bring in an optimistic impact in the overall US markets, according to a Reuters report. Meanwhile, a Reuters/Ipsos poll has found that Kamala Harris held a lead of 3 points over Trump this week, meaning that the fight has come very close between the two candidates, and Trump is no more lagging behind, as he was, a couple of weeks back.

Loeb is also of the opinion that the White house administration, if led by the Republicans, will help in improving the wave of corporate activity in the country, which would ultimately bolster the growth of the industrial infrastructure.
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