The second assassination attempt to Trump: the market is not shaking as much
U.S. stock futures and the dollar remained mostly unchanged on Sunday following an incident where Republican presidential candidate Donald Trump was unharmed after an apparent assassination attempt near his golf course in West Palm Beach, Florida. According to law enforcement, Secret Service agents exchanged gunfire with an assailant hiding near the golf course, firing at least four shots. Despite this, market movements were minimal, with $S&P 500 Index (.SPX.US)$ slightly down by 0.04% and the Dollar Index dropping a minor 0.03% to 101.07.
Bitcoin saw a small decline of 0.7%, trading at $59,445, amid Trump's pro-cryptocurrency stance. Although the markets showed little immediate reaction, analysts anticipate potential volatility. Karl Schamotta, chief market strategist at Corpay, highlighted that foreign exchange rates might see some turbulence due to the incident occurring during low trading volumes.
This event follows a previous assassination attempt on Trump in Pennsylvania on July 13, which initially boosted markets favoring a second Trump term. However, recent debates and betting odds suggest a shift towards Vice President Kamala Harris, which put pressure on the "Trump trade." Michael Brown from Pepperstone noted that market confidence might waver until further clarity from the upcoming Federal Reserve meeting, where interest rate decisions are expected.
Overall, while the dollar might see some recovery linked to Trump's market influence, any impact is expected to be limited, according to Schamotta.
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JERRY_ONG : The United States is really going down. An idiot serving as president, a stupid woman running for president. Mainstream media fabricating news. No distinction between men and women. Illegal immigrants running rampant. The American people don't deserve Trump. Let our General Secretary come and educate you.
532688699 JERRY_ONG : Trump can win those who believe in him.
TechWhiz : Bitty reacted badly to this 2nd attempt. If there is a 3rd attempt, bitty will tank. May be the market is wary that he can't make it into the elections.
Tonyco JERRY_ONG : Sounds like you belong in Russia or North Korea. They love your kind of freedom there.
JERRY_ONG Tonyco : Yes, you deserve comrade Harriass.