Trump’s 2016 Win Shook Markets. Traders Won’t Get Fooled Again.
- Higher bond yields, a stronger dollar could follow a Trump win
- But Fed path, economy still the major focus of investors
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Donald Trump’s surprise victory in the 2016 presidential election delivered a shock to financial markets. If he manages to secure a second one, traders will — if anything — be far more prepared.
Trump seems to be on a quicker path to the nomination than eight years ago, when he didn’t lock it down until May. And polls show it would likely be a close contest between him and President Joe Biden, a shift from his long-shot status in 2016.