Billionaire investor Daniel Loeb bets on a Trump victory, says Republicans will be good for financial markets
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.
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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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