Don’t take my word for it, here’s what the Wall Street Journal reported yesterday about how markets seem to be preparing for a Trump win.
Some large hedge funds and money managers, sensing a potential shift in momentum, are getting behind trades that could pay out if Donald Trump beats Kamala Harris in the presidential election.
While most polling still shows a tight race, that shift has rippled across markets in recent weeks, boosting assets seen as likely to benefit from a Republican victory. For instance, private-prison operator GEO Group is up 21% in October, on pace for its best month since 2022, while bitcoin miner Riot Platforms has risen 34%.
Well-known hedge-fund manager Dan Loeb reckons a Trump victory has gotten more likely, he said this month. His $11 billion firm, Third Point, has added to positions that could benefit, by buying stocks and options, and shifted away from…
