Scott Bessent, a billionaire investor, expects the stock market to continue to rally whenever former President Donald Trump leads Democrat President Joe Biden in general election polling. If Trump beats Biden in November, Bessent expects a huge and long-sustained boom in the market.
In an 18-page memo to investors sent on Wednesday, Bessent and his management team at Key Square Capital Management LLC—a top investment firm—laid out what he calls an ongoing “Trump rally” in the markets as investors expect Trump to topple Biden in November of this year.
“We believe that equity markets are in the midst of a ‘Trump Rally’ that will last as long as he remains ahead of Biden in the polls,” the memo, obtained by Breitbart News and first revealed by Bloomberg, reads:
The Key Square view also posits that both political and market analysts are incorrect in their assessment of a Trump second term. It is likely that he would seek rejuvenation/redemption rather than revenge if elected this November. A second term would be expected to embrace Calvin Coolidge-style Roaring Twenties policies over a Herbert Hoover outcome."
www.bloomberg.com
In an 18-page memo to investors sent on Wednesday, Bessent and his management team at Key Square Capital Management LLC—a top investment firm—laid out what he calls an ongoing “Trump rally” in the markets as investors expect Trump to topple Biden in November of this year.
“We believe that equity markets are in the midst of a ‘Trump Rally’ that will last as long as he remains ahead of Biden in the polls,” the memo, obtained by Breitbart News and first revealed by Bloomberg, reads:
The Key Square view also posits that both political and market analysts are incorrect in their assessment of a Trump second term. It is likely that he would seek rejuvenation/redemption rather than revenge if elected this November. A second term would be expected to embrace Calvin Coolidge-style Roaring Twenties policies over a Herbert Hoover outcome."
Ex-Soros Investing Chief Bessent Bets on ‘Trump Rally’ Ahead of US Election
Scott Bessent, a former Soros Fund Management investing chief, said he’s betting on a “Trump Rally” as long as investors believe the ex-president can win the general election.
www.bloomberg.com
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