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A billionaire investor and former money manager for George Soros explained why he thinks markets are "very convinced" that former President Donald Trump will win the 2024 election.
Over the last 12 days, Wall Street has seemed "very convinced Trump is going to win… You can see it in the bank stocks, you can see it in crypto," Stanley Druckenmiller said Wednesday in a Bloomberg Television interview.
He also reportedly told Bloomberg that he believes Trump is a "blowhard" and a Harris-Walz presidency would be bad for business.
Another Soros fund alum, Scott Bessent, made an appearance on FOX Business’ "Mornings with Maria" this week, arguing that Trump is proposing a "growth agenda" and that the world’s leaders know "he means business."
"I'm expecting that President Trump's going to win. And that I would like to help any way I can, inside or out. But there are no jobs if he doesn't win," the Key Square Capital Management CEO said on Wednesday.
"Donald Trump has added a new leg to the Trump stool. Alexander Hamilton loved tariffs. He's the original tariff man, and he did it to raise revenues and to protect American industry. Donald Trump has added the negotiating leg," Bessent added.