In an interview on Bloomberg, Druckenmiller gave his thoughts on the state of the 2024 race from a financial market perspective.
Druckenmiller said he always pays attention to the bets investors make before the election citing how in 1980 all the pundits were claiming Jimmy Carter was going to win while Wall Street bet big on Ronald Reagan.
“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 began.
Druckenmiller then said that in the last two weeks he’s seen noticeable movement of money in the financial markets that are now pricing in a Trump victory on November 5.
Poster Comment:
This means that the stock market will lose even more of its inflated value. The US military's weapons will soon be shown to be highly inferior to Russia's. We are close to losing Ukraine. And the Israeli attack on Iran will go very badly. A reminder: The Houthis have far superior missiles to the US.