(PatriotNews.net) – Billionaire investor Stanley Druckenmiller suggested on Wednesday that the stock market seems to believe former President Donald Trump will win the upcoming election. Druckenmiller, who leads Duquesne Family Office, shared his thoughts during an interview on Bloomberg Television, just weeks before Election Day.
“In the last 12 days, the market is clearly signaling that it expects Trump to win,” Druckenmiller said. “You can see it in bank stocks, in crypto, and even in DJT, his social media company.” He added that industries likely to benefit from deregulation—such as energy and finance—are performing especially well. “If we get more deregulation under Trump, those sectors will keep doing better than the rest,” he explained.
Druckenmiller emphasized that while the market seems confident, the situation remains unpredictable. “I don’t have strong conviction about who will win, personally,” he said. “But I trust market signals—they’ve been right before, like with Ronald Reagan in 1980, even when most pundits doubted it.”
Despite polls showing a close race between Trump and Vice President Kamala Harris, betting markets have shifted in Trump’s favor in recent days. Druckenmiller expressed skepticism about polling data. “Who even responds to polls anymore?” he said, suggesting they might not reflect reality.
The investor also predicted a slim chance of a “blue sweep” where Democrats win the presidency and control both chambers of Congress. “It’s more likely we’ll see Republicans take back the Senate,” he said, adding that a “red sweep” with Trump in the White House and GOP control of Congress would boost the economy in the short term. However, Druckenmiller warned that rising bond yields or trouble in fixed-income markets could quickly cut the rally short.
Interestingly, Druckenmiller made it clear he wouldn’t personally support either Trump or Harris, saying, “I’ll probably write in someone else.” While he noted that both candidates share some priorities, such as industrial policy, he criticized Trump’s approach to tariffs and trade negotiations. As for Harris, Druckenmiller argued that her policies would be worse for business. “She’s much more focused on regulation and anti-business measures,” he said.
With the election drawing near, Druckenmiller’s comments highlight growing uncertainty about what lies ahead—but the markets seem to have made up their minds.
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