Trump trade: Assassination attempt boosts global financial markets
Cryptocurrency, gun manufacturing, and Truth Social see boost in stock prices
The post Trump trade: Assassination attempt boosts global financial markets appeared first on WorldNetDaily.
Global stocks, cryptocurrency, and gun manufacturing stocks have begun to climb, following the attempted assassination of former President Donald Trump at a Pennsylvania rally on Saturday.
Bloomberg reported Monday the “Trump trade” momentum is picking up speed, as investors are betting on Trump to pull out a win this coming November.
“Trump’s fiscal and trade policies will spur growth and add to inflationary pressures. The yield on 30-year bonds rose to 4.45%, surpassing two-year equivalents for the first time since January, steepening the curve,” Bloomberg reported.
Bloomberg noted that growing political violence could cause concerns around the stability of the U.S., pushing investors to move their stocks into “haven assets” such as gold or real estate.
“While there’s a risk that Trump’s policies could keep upward pressure on interest rates, traders generally don’t expect the prospect of his re-election to derail the stock-market trajectory in the long run, though a pick-up in near-term price swings is likely,” Bloomberg reported.
In addition, the Trump Media & Technology Group Corp., parent company of Trump’s Truth Social media platform, has gained over 30%.
Meanwhile, Newsweek and MarketWatch have reported cryptocurrencies and gun manufacturing stocks have soared since Saturday. Gun manufacturers Smith & Wesson Brands, and Sturm Ruger & Company, increased between 7.5% and 18%.
Gun makers, crypto see stock jumps after Trump assassination attempt https://t.co/iCtasLNs9K pic.twitter.com/krjojuvisW
— Newsweek (@Newsweek) July 15, 2024
Why the ‘Trump trade’ is boosting bitcoin, and what’s next for the crypto https://t.co/gV4z3nqWiQ
— MarketWatch (@MarketWatch) July 15, 2024
Economist and Trader Alex Kruger stated on X the Trump Trade is “on its way,” and investors can expect Trump to be “bullish” on oil & gas, steel and coal, as well as onshoring if Trump wins the election.
Trump’s policies on trade tariffs, tax cuts and energy independence for the U.S. are also expected to boost confidence for investors.
The Trump Trade
The Trump Trade is now on its way. This what Trump winning, or the expectation of him winning, entails:
#1 Bullish for Crypto
Reason: Trump’s administration might pursue supportive regulations for cryptocurrencies, fostering innovation and adoption.
#2…
— Alex Krüger (@krugermacro) July 15, 2024
President Trump: “I will give you low taxes, low inflation, low interest rates, rising wages, growing incomes, and fair trade for the American worker. And we will make energy affordable again by saying drill baby drill.”
MAGA!
— Alex Bruesewitz (@alexbruesewitz) May 23, 2024
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