Wall Street Ignores Summer of Trump
Wall Street sentiment on the presidential race mirrors betting venues more than polls.
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Julian Gingold, a stockbroker at UBS Group, has a simple formula for deciding whom to back in the Republican presidential primary: the most conservative candidate who can win. Anthony Scaramucci, who runs a hedge fund-of-funds business, likens the choice to picking a top executive.
"I want to be part of the hiring process of someone that’s controlling more than half of my income," Scaramucci said in an interview, adding that he pays a 51 percent marginal tax rate on his earnings. "Here are the problems. Here are the resumes that come in for the job."