Peter Pegba on Nostr: Billionaire Investor Bessent Bets on ‘Trump Rally’ in Stock Market Before ...

Billionaire Investor Bessent Bets on ‘Trump Rally’ in Stock Market Before Election, Big Boom if Trump Wins

Scott Bessent, a billionaire investor, expects the stock market to continue to rally whenever former President Donald Trump leads Democrat President Joe Biden in general election polling. If Trump beats Biden in November, Bessent expects a huge and long-sustained boom in the market.

In an 18-page memo to investors sent on Wednesday, Bessent and his management team at Key Square Capital Management LLC—a top investment firm—laid out what he calls an ongoing “Trump rally” in the markets as investors expect Trump to topple Biden in November of this year.