Trump's Strong Summer Performance Boosts Chances of Second Presidential Term as Financial Markets React to Revived Interest in 'Trump Trade'

  • last month
Donald Trump's strong summer performance has boosted his chances of a second presidential term, impacting financial markets with a revived interest in the "Trump trade." Trump is moving towards centrist positions to attract swing voters and business supporters, promising stability by suggesting he may retain Jerome Powell as Fed Chair and considering JPMorgan Chase CEO Jamie Dimon for Treasury Secretary. Investor confidence has surged, with betting markets giving Trump a 66% chance of winning, suggesting a potential Republican sweep of both houses of Congress. This prospect has led to a shift from tech stocks to value stocks, expecting more corporate tax cuts.

Recommended

0:56
I
Up next
What's Going On With Former President Donald Trump Backed DJT Stock On Friday?
Benzinga
0:58
Ex-Treasury Secretary Larry Summers Warns Trump's Re-Election May Push Mortgage Rates Beyond 10%: 'Never Been A Presidential Platform So Self-Evidently Inflationary'
Benzinga
0:41
Exxon Mobil Predicts Fossil Fuels Will Dominate Energy Mix Until 2050, Warns Halting Investment Could Lead to Energy Crisis
Benzinga
0:36
Pharma Bro Martin Shkreli Ordered to Surrender Rare Wu-Tang Clan Album Copies Amid Legal Battle
Benzinga
0:32
Nvidia Partner Sustainable Metal Cloud Is Capitalizing on AI Demand with Energy-Efficient Cooling Centers That Reduce Consumption by 50%
Benzinga
0:34
Temu Parent PDD Holdings Plummets Nearly 30% After Disappointing Q2 Results. Analyst Says, 'Panic Was Overblown' and May Present a Promising Investment Opportunity
Benzinga
0:44
Trump's Fortunes Tank By Nearly $900M Since Kamala Harris Replaced Biden As Democratic Candidate: Here's How Much Ex-President Is Worth Now
Benzinga
0:38
Will Trump Sell His 59% Stake In Trump Media? Former President Faces Key Decision as Lock-Up Agreement Set to Expire on September 25th
Benzinga
0:35
Trump's Team Has Been Preparing for the Harris Campaign for Weeks, Putting the VP in their Crosshairs
Benzinga
0:33
Biden Puts 'Personal Ambition' Aside, Endorses VP Harris to 'Pass the Torch to a New Generation'
Benzinga
0:35
Will Trump Be Excluded from Colorado Ballot? Here's Everything You Need to Know About the Landmark Case
Benzinga
0:55
What's Going On With Trump Media & Technology Stock Friday?
Benzinga
0:40
Second Trump Presidency Risks Ignored by Complacent Markets, Analyst Warns
Benzinga
0:58
Not Biden, Bill Ackman Says This Corporate CEO More Likely To Win Against Trump In Presidential Race
Benzinga
0:39
Harris's Tech Donors
Benzinga
0:32
Trump's Debate Performance Sparks Optimism in Treasury Market, Fuels Demand for Shorter-Term Bonds
Benzinga
0:38
Kamala Harris Delivers Fiery Speech, Slams Trump's 'Fear and Hate' at Campaign Rally
Benzinga
0:44
Global Markets Stabilize Amid Biden's Exit and Focus on Corporate Earnings, Rate Cuts
Benzinga
0:43
Democrats Rally Behind Kamala Harris as Vice President Sees Record-Breaking 24-Hour Fundraising
Benzinga
1:14
Trump's Public Media Company Has 6-Month Share Lockup, And Its Co-Founders Are Suing So They Can Sell Stock Faster
Benzinga
0:37
Trump Media & Technology (DJT) Surges Over 60% Pre-Market: What's Driving The Rally?
Benzinga
0:35
'Let's Go.' VP Kamala Harris Says She's Ready to Debate Trump, Accuses GOP Candidate of 'Backpedaling' on September Debate
Benzinga
1:02
Trump's Newly Listed DJT 'Doesn't Deserve This Valuation,' Says Expert: 'In Any Other World...This Would Be A Penny Stock'
Benzinga
0:37
Tech Titans Back Trump's Presidential Bid to Protect Interests in Cryptocurrency and AI as They Drift from Support for Democrats
Benzinga
0:36
What's Going On With Trump Media & Technology Group Stock On Tuesday?
Benzinga