(Bloomberg) — US investors weren’t expecting much turbulence from the 2024 presidential election. Voters were familiar with both repeat nominees, who seemed poised for a tight race till the end. But that changed quickly after the disastrous showing by President Joe Biden at the first presidential debate in June and then the assassination attempt against Donald Trump on July 13.
Now, Trump has momentum on his side as he prepares to accept, for a third time, the Republican Party’s nomination for president: His poll numbers are up, his legal troubles are melting away, and his injury from a would-be assassin’s bullet has provoked sympathy from Americans across the political spectrum. His market odds of victory in November have never been higher.
All of this has brought back the “Trump trade,” with investors placing bets on stocks, bonds, currencies and other assets that might benefit, or lose out, from a second Trump…
