Investors have found peace in another Trump presidency
What did Mike Wilson say about "Trump Trades"?
Mike Wilson, a strategist at Morgan Stanley, mentioned that he received client interest in rotating into 2016 "Trump Trades" in the cyclical and small-cap space following the presidential debate between Donald Trump and Joe Biden. Market expectations for fiscal expansion, reflation, and less regulation under a Trump presidency drove these initial moves.
What is Jim Farley's view on election impact on auto demand?
Ford CEO Jim Farley says that consumers may get a little nervous around the presidential election, but he doesn't believe it will materially stunt demand for autos. He thinks that the impact of the election on auto demand will be minimal.
What did Ben Laidler say about Trump's potential presidency?
Ben Laidler, Bradesco's head of equity strategy, said that the market has made its peace with the possibility of Donald Trump becoming the next president, as investors look back at the first Trump presidency and think of the profits made during that time. He also mentioned that investors are considering a repeat of that scenario, which could drive market expectations for fiscal expansion, reflation, and less regulation under a second Trump presidency.