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The Donald Trump Factor is Now Driving Stocks

Despite Donald Trump’s being ahead in the polls for months, investors are suddenly examining potential changes.

DJT – Daily Chart

DJT – Daily Chart 

Trump Media Technology stock jumped on Monday to almost $48 and fell back. However, the stock has confirmed a double bottom and can now proceed. 

It was another wild weekend in US politics with an assassination attempt on former President Donald Trump. However, the effort has only boosted his poll ratings, and investors are now looking seriously into potential policy changes. Many sectors saw their stock prices gain after the Trump drama. Oil service companies speculate that a Trump win in November’s presidential election will lead to reduced regulation in US oil drilling, reversing efforts by Joe Biden’s administration to slow fossil fuel drilling. 

Financial stocks were also higher on Monday, based on speculation that a win by Donald Trump in November’s US presidential election would also reduce banking regulations. There were also gains for stocks of private prison companies and firearm-related companies after the failed assassination attempt on the former President. 

The attempted assassination at the weekend seems to have boosted Trump in the polls but has also woken investors to the potential outcome for sectors and policies. According to the latest polling from The New York Times, Trump and Biden are now said to be neck and neck in hypothetical match-ups in two key states. Monday’s polling said Trump leads Biden by 3 points (48% versus 45%). 

Although the Presidential election is in November, investors are now considering the possibility of a Donald Trump win.

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.

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