Duquesne Family Office Founder and hedge fund manager Stanley Druckenmiller He said that if you put a gun to his head, his guess is that former President Donald Trump would defeat Vice President Kamala Harris in the election next month.
“Thank God there’s no (gun) on my head, so it doesn’t really matter; there’s no gun on my head.” “I have to think that Trump is the most likely candidate to win the election,” the billionaire macro investor said during an interview with CNN. BloombergSonali Basak this week. He added: “It is an evolving situation, and if you had asked me this 12 days ago, I would have said I have no idea. It is still unlikely and I have no conviction as to who will win the race.” election.'”
He added that the market now seems very convinced that Trump will win. He noted that industries that have been deregulated are likely to benefit from Trump or outperform other companies.
Druckenmiller’s investing career spans three decades, with average annual returns of about 30%, including during the 2008 financial crisis. He is known for his analysis of economic trends and monetary policy as a basis for investment strategies and his ability to navigate various market conditions. He makes big, calculated bets based on this thinking, even when his theories conflict with market momentum.
Druckenmiller said that if Trump wins the presidential election, there will likely be a successive “red sweep.”
He added: “I personally believe that anyone who votes for Trump will likely not change their vote for a Democratic candidate in Congress.” He said that if this scenario materializes, the economy could be stronger for three to six months, and he is planning his investment strategy accordingly. He noted that it is as if the Fed will be much more hawkish than it would be under a Harris administration.
However, as for Druckenmiller, he will not be voting for either candidate. He says he believes their industrial policies are equally bad for free-market capitalism, and Harris’ policies are “worse” for business and regulation.
“But frankly, I grew up in America with a certain model of president, like George Washington, Thomas Jefferson, Ronald Reagan, who in my life had a certain dignity and conduct in office,” he said. He added: “I’m not judging anyone who wants to vote for Trump, but to me, that’s just a red line, so I’ll probably write to someone when I get to the polls.”