The billionaire said the market is very confident that Trump will win next month
Duquesne Family Office hedge fund founder and manager Stanley Druckenmiller said if you pointed a gun at his head, he guessed former President Donald Trump defeat Vice President Kamala Harris in next month’s election.
“Thank God there is none [a gun] in my head so this really doesn’t matter; I have to guess Trump is the favorite to win the election,” the billionaire macro investor said in an interview with Bloombergby Sonali Basak this week. “It’s an evolving situation and if you asked me this 12 days ago, I would have said, ‘I have no clue, it’s still completely messy and I don’t have any confidence about who will win the election. election.’”
However, now a market has appeared very convincing that Trump will win, he said. He noted that deregulated industries could benefit from Trump or perform better than other companies.
Druckenmiller’s investing career spanned three decades, with average annual returns of around 30%, including during the 2008 financial crisis. He is known for his ability to analyze economic trends and monetary policy Currency underpins investment strategy and ability to navigate varying market conditions. He makes large, calculated bets based on this thinking, even when his theories run counter to market momentum.
If Trump wins the presidential election, Druckenmiller said, there will likely be a prolonged “red sweep.”
“Personally, I think anyone who voted for Trump probably wouldn’t change their vote for a Democrat in Congress,” he added. If that scenario plays out, he said, the economy could be stronger in about three to six months, and he is planning his investment strategy accordingly. He noted that it appears the Fed will be much more hawkish than it was during the Harris administration.
However, for Druckenmiller, he did not vote for any candidate. He said he believes their industrial policies are equally bad for free-market capitalism, and that Harris’s policies are “worse” for business and regulation.
“But, to be honest, I grew up in America with a certain presidential model — George Washington, Thomas Jefferson, Ronald Reagan were people in my life who had a certain dignity and demeanor in office,” he said. “And I don’t judge anyone who wants to vote for Trump, but for me, that’s just a red line so maybe I’ll write to someone when I get to the polling place.”
