Trump trade is back, and it indicates that the US election is tilting towards the ex-President
Kamala Harris was going steadfast in the election race ever since she joined the Presidential ticket on behalf of the Democrats, after Joe Biden's surprise exit. And with her rise in the polls some of the 'Trump trades' in the US stock markets began tanking, which were soaring when Biden's dismal performance in the poll race was ongoing.
What are 'Trump trades'?
Trump trades are a series of stocks in the US stock markets, that are betting on Trump's Presidency at the White House after the upcoming US elections in November. Trump trades were skyrocketing until June this year, when Biden was being slammed from all ends by Trump in the election race, but began a nosedive as soon as Harris joined in, and her approval ratings began surging.
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Are the Trump trades rising back again?
It looks like the comeback time for the Trump trades as the latest election data is suggesting that Trump has a solid chance of winning the polls in November. Ever since the pollsters began betting on Trump, things took a turn at the US stock markets, and then began the resurrection of these trades.
And with the Trump trades rising back again, prospects are now looking very bright for the former US President, meaning that US investors are also backing him for being elected to the White House. Election watchers have begun relying more on betting markets and the monitoring of these Trump trades in recent while, in order to get a
