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Vote Now | A second Trump presidency would be the 'Holy Trinity' for a bruised stock market?

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Spi11 The Tea wrote a column · Nov 17, 2022 19:25
Former President Donald Trump announced Tuesday night he will once again seek the Republican nomination as presidential candidate in 2024.
"I am running because I believe the world has not yet seen the true glory of what this nation can be," Trump said. "America's comeback starts right now."
Speaking to reporters at a conference in Singapore on Wednesday, Anthony Scaramucci—the founder of Skybridge Capital who served as Trump's communications chief before he was sacked after just 10 days—predicted the former president's fast-and-loose tendencies could help boost financial markets.
"He's the Holy Trinity of market lubrication," he said. "Stimulus, through deficit spending, low interest rates—easy money—and a lack of regulation."
However, Scaramucci also warned about his former boss's tendency to rock political stability.
"The flip side is [investors] also know that he creates what markets absolutely hate: political instability," he said. "If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities."
The U.S. stock market rose more than 50% between Trump's surprise victory in the 2016 election and his November 2020 defeat.

The stock market has been one of Trump's favorite metrics for how the nation is doing. He often proclaimed market records on $Twitter (Delisted) (TWTR.US)$, seeing them as the achievement of his administration. According to CNBC, Trump had tweeted at least 60 times about the stock market within the first two years of being in office.
Source: Business Insider
Source: Business Insider
Markets have so far had a muted response to Trump's widely anticipated announcement. Unlike during Trump's previous bid, the discord within the Republican party also worried some investors.

Mooers, any thoughts about Trump's third presidential bid? If Donald Trump were to regain the presidency in 2024, would it be a "Holy Trinity" for stocks?
Source: Yahoo Finance, Business Insider
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