Monday, July 15, 2024

"‘Trump Trade’ Gains Even More Momentum"

From our perspective one of the more interesting political bets is First Solar, currently down $9.86 (-4.23%) in premarket trade, $223.38 last,

From Bloomberg's Australia Briefing, July 15:

Good morning and welcome back, it’s Ainsley here with a round up of the news to start your working week.

Today’s must-reads:
• Global markets seen ramping up the ‘Trump trade’
• Albanese calls for ‘temperature’ of debate to be lowered
• Chalmers says he will deliver a second budget surplus

What's happening now

As world financial markets reopen this morning after the attempted assassination of Donald Trump, one thing seems likely: The Trump trade will get even more momentum. The series of wagers — based on anticipation the Republican’s return to the White House would usher in tax cuts, higher tariffs and looser regulations — had already been gaining ground. But the trades are expected to take deeper hold, with Trump galvanizing supporters and drawing sympathy by exhibiting defiant resilience after being shot in the ear on stage at a Pennsylvania rally....

....MUCH MORE

Also at Bloomberg, July 15: