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