Trump's Strong Summer Performance Boosts Chances of Second Presidential Term as Financial Markets React to Revived Interest in 'Trump Trade'
Donald Trump's strong summer performance has boosted his chances of a second presidential term, impacting financial markets with a revived interest in the "Trump trade." Trump is moving towards centrist positions to attract swing voters and business supporters, promising stability by suggesting he may retain Jerome Powell as Fed Chair and considering JPMorgan Chase CEO Jamie Dimon for Treasury Secretary. Investor confidence has surged, with betting markets giving Trump a 66% chance of winning, suggesting a potential Republican sweep of both houses of Congress. This prospect has led to a shift from tech stocks to value stocks, expecting more corporate tax cuts.
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00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump's strong summer performance has boosted his chances of a second presidential
00:06term, impacting financial markets with a revived interest in the Trump trade.
00:11Trump is moving towards centrist positions to attract swing voters and business supporters,
00:15promising stability by suggesting he may retain Jerome Powell as Fed chair and considering
00:20JPMorgan Chase CEO Jamie Dimon for Treasury Secretary.
00:24Investor confidence has surged, with betting markets giving Trump a 66% chance of winning,
00:29promising a potential Republican sweep of both houses of Congress.
00:32This prospect has led to a shift from tech stocks to value stocks, expecting more corporate
00:37tax cuts.
00:38For all things money, visit Benzinga.com.