At Saudi Arabia’s Future Investment Initiative summit, Citadel CEO Ken Griffin and Blackstone CEO Steve Schwarzman shared their views on the upcoming US presidential election, which is now just six days away.
“The expectation today is that Donald Trump will win the White House,” Griffin told the panel at Saudi Arabia’s Future Investment Initiative summit, adding, “We are at that moment of peak uncertainty. It is a race that Trump is favored to win, but it is almost a coin toss.”
“The expectation today is that Donald Trump will win the White House in just a few days”
Citadel CEO Ken Griffin, who is backing candidates who share his conservative priorities, says at FII in Saudi Arabia that markets expect Trump to win the US election https://t.co/9zgH3JwWYi pic.twitter.com/zZAktsonw2
— Bloomberg (@business) October 29, 2024
During the same panel discussion, Schwarzman weighed in on US politics, indicating, “I don’t know who’s going to win the presidency … but it appears Trump is in a much better base of knowledge of how that job works and how to be efficient and effective in doing it.”
Blackstone CEO Steve Schwarzman says Republican candidate Donald Trump “is in a much better base of knowledge” of how the job of president works and how to be efficient and effective https://t.co/dswIE4EI5z pic.twitter.com/4jUADUPndy
— Bloomberg (@business) October 29, 2024
Earlier, Goldman Sachs CEO David Solomon told Bloomberg TV, “We do have an election, and there will be policy decisions coming,” adding, “Those will impact the trajectory in 2025 and 2026.”
Equity and bond markets have already moved in directions that indicate a possible Trump victory. We detailed this in length for pro subs in a note titled “These Are Goldman’s Favorite Election Trades.”
That note highlighted Goldman’s Republican Policy pair (GSP24REP), up 7% on the year, while the Democratic Policy pair (GSP24DEM) is down 2.3%.
Weeks ago, we showed how Polymarket’s Trump election odds influenced the bond market.
The current Polymarket Trump-Harris spread is massively in favor of a Trump win.
“The mainstream lost its monopoly over media. Now it’s losing its monopoly over polls, prediction markets and shaping public opinion as trust shifts to independent new entities,” we noted on X.
The mainstream lost its monopoly over media. Now it’s losing its monopoly over polls, prediction markets and shaping public opinion as trust shifts to independent new entities pic.twitter.com/wnyyck4ebB
— zerohedge (@zerohedge) October 17, 2024
According to the national polling aggregate by RealClearPolitics, Trump is holding a slight lead over Harris.
While Griffin and Schwarzman shared their view on the upcoming election on Tuesday, Elon Musk has gone all-in for Trump.
Elon Musk ‘THE GREATEST CAPITALIST IN THE HISTORY OF THE UNITED STATES OF AMERICA’ Takes The Stage at Trump’s Madison Square Garden Rally@elonmusk: I’m Not just MAGA I’m “Dark Gothic MAGA” The energy in the room is just incredible!#TrumpRally #MAGA #MSG pic.twitter.com/bTbXrA50ee
— Steve Gruber (@stevegrubershow) October 27, 2024
It appears America’s leading entrepreneurs want real leadership and stability after 3.5 years of uncertainty and chaos with the Biden-Harris regime.
Tyler Durden
Tue, 10/29/2024 – 21:45
