Duquesne Family Office CEO Stanley Druckenmiller told an interviewer on Friday that it is clear to him the business markets are anticipating that former President Donald Trump will defeat Vice President Kamala Harris next month.
“It’s an evolving situation, if you had asked me twelve days ago I would have said I don’t have a clue. I still don’t have a conviction on who is going to win the election, but I like market indicators for the economy and for market restrictiveness. I also like them for elections, I remember how right the market was on Reagan in 1980, despite what the pundits were saying,” Druckenmiller told Bloomberg.
“I must say, in the last twelve days, the market and the inside of the market is very convinced Trump is going to win. You can see it in the bank stocks, you can see it in crypto, and you can even see it in DJT, his social media company,” the CEO continued.
“Throughout the whole — I would say, the industries that would be deregulated if we have deregulation and would benefit if we have Trump are outperforming the others. So, if you put a gun to my head — thank God there is not one to my head, so this really doesn’t matter — I would have to guess Trump is the favorite to win the election,” he added.
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Republican strategist and CNN guest Erin Perrine cautioned on Friday that Vice President Kamala Harris could encounter significant challenges on Election Day, as her campaign has not yet transitioned to a “get-out-the-vote” message.
Polls between Harris and former President Donald Trump have tightened over the past month, prompting political pundits to express concern about how close the race will be in November. On “Erin Burnett OutFront,” the CNN host pressed Perrine on how Trump would react to former President Barack Obama’s criticisms of him.
“Well, it is likely to bother former President Trump, and you’ll likely hear some kind of remark pushing back on what Barack Obama has said,” Perrine said.
“But then Donald Trump will go on and speak about any number of things after that. The point here for Democrats right now is they have to try and pull out every Democrat from the bench to try and be doing these get-out-the-vote events right now because they’re in such a precarious time,” he added.
Perrine emphasized that, due to Harris’ late start in the campaign, she has fallen behind in her messaging, particularly as Obama has only recently begun promoting voter turnout during an Arizona rally, just under 20 days before the election.
“Because Kamala started this campaign so late, they are doing a lot more of persuadable messaging than they should be right now when they should be doing get-out-the-vote events like here with Obama,” Perrine added.
“They must feel that they have a stronger message in Arizona if they‘re just pushing go out and vote versus in other states and other platforms where she‘s doing some more contentious interviews to try and still push a persuasion message right now.”
“We’re what? Two-and-a-half weeks from Election Day, and you‘re still trying to persuade voters right now whether or not they should vote for you? What you should be doing is persuading them to get to the polls, and this is going to be an issue for Kamala,” Perrine concluded.
