The shooting of former U.S. President Donald Trump during a campaign rally on Saturday has sparked speculation among investors about its potential impact on the 2024 presidential election. The incident has fueled conversations about how the shooting could impact both the political landscape and financial markets.
Investors believe the shooting could significantly increase Trump’s chances of winning the election. They cite the boost Ronald Reagan received after his assassination attempt in 1981. Many believe the shooting will reduce uncertainty in the election, potentially leading to a more decisive outcome.
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Beyond the political implications, investors are also considering the potential financial fallout of a Trump victory. They anticipate a more aggressive trade policy under a Trump administration, potentially leading to concerns about rising deficits and inflation.
Trump’s disapproval of current Fed Chair Jerome Powell could also lead to changes in monetary policy under a second Trump term. Some investors believe a Trump victory could boost economic growth and lead to higher earnings for certain companies due to increased confidence. However, others worry about the potential consequences of a more unpredictable and potentially disruptive Trump administration.