Global Investors Bullish on Trump’s Return Following Assassination Attempt

The attempted assassination of former President Trump has sent shockwaves through global markets, with investors now doubling down on the “Trump trade” in anticipation of his potential return for a second term.

In the wake of President Biden’s lackluster debate performance, money managers and traders had already been positioning themselves for a Trump comeback, betting on looser regulation, tax cuts, and increased government spending. The recent events over the weekend have only solidified these expectations.

While Asian markets reacted to disappointing economic data out of China, European stocks took a hit as luxury goods companies like Burberry and Swatch reported significant drops in demand in the country. However, U.S. stocks were poised to open higher, with Trump Media & Technology Group seeing a significant surge in pre-market trading.

Long-term treasury yields rose, particularly the 20-year note, as investors anticipate Trump’s focus on high-growth policies and tax cuts. Bitcoin prices also saw a boost, reaching a two-week high, as the cryptocurrency market anticipates a friendlier regulatory environment under a potential Trump administration.

Looking ahead, investors are keeping a close eye on health care, oil, and banking stocks, expecting them to perform well under another Trump presidency. However, it’s important to note that there are still four months until the election, and today’s market reactions are not a guarantee of future outcomes.

This is a developing story, and we will continue to provide updates as more information becomes available.