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Thursday, February 1, 2024

Ex-Soros Investing Chief Bessent Bets on ‘Trump Rally’ Ahead of US Election

 

  • Investors anticipate a Trump victory in November, he said
  • Bessent said markets expect Trump would spur economic boom

Scott Bessent, a former Soros Fund Management investing chief, said he’s betting on a “Trump Rally” as long as investors believe the ex-president can win the general election.

The S&P 500 hit an all-time high last month, a rally that Bessent attributed to Donald Trump’s commanding lead over President Joe Biden in a number of national polls at the time. Some polls closer to the end of January show the two candidates neck-and-neck in a general election.

https://www.bloomberg.com/news/articles/2024-02-01/ex-soros-cio-bessent-bets-on-trump-rally-ahead-of-us-election

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