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Market 'very convinced' of Trump election victory

18/10/24
Sky News Australia
Dans Asie / Australie

Billionaire investor Stanley Druckenmiller says markets are pricing in a Donald Trump victory ahead of the upcoming US presidential election. Over the past 12 days, the market has appeared “very convinced Trump is going to win,” Druckenmiller said in a recent Bloomberg Television interview. Druckenmiller cited rising bank stocks and crypto as indicators of the market's belief in a Trump victory. Despite this, he won't vote for either Trump or Vice President Kamala Harris.

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