Trump Trade Resurfaces as Markets Price In Potential Second Term

Donald Trump`s chances of winning a second presidential term have increased due to a series of events this summer, including doubts about Biden`s capabilities and a show of Republican unity. This has led to a resurgence of the "Trump trade" in financial markets, with investors anticipating the potential impact of his policies. Trump has attempted to appeal to a broader base by moderating his stance and making promises to Wall Street, such as retaining Jerome Powell as Fed Chair and potentially appointing Jamie Dimon as Treasury Secretary. Betting markets now favor a Trump victory, with the possibility of a Republican-controlled Congress, which could lead to further corporate tax cuts and influence investment strategies.