Trump’s Second Assassination Attempt and What It Means for Markets

Without getting too much in the weeds, it appears the person responsible for attempting to kill Trump this weekend, Ryan Routh, was a mercenary for Ukraine and active recruiter for the Ukrainian military. He was a prolific donator to the democratic super pac Act Blue and viewed Trump as someone who ought to be killed, rather than run for President.

This sentiment, unfortunately, is shared by many people on the left and we’ve come to a place and time in America where political violence and persecutions are normal practice and it’s only getting worse.

But because of this unbelievable second assassination attempt, I think Trump’s voter base will consolidate and permit him to win the election this November. I think many on the right we waffling with this older Trump due to being less radical than 2016. People want change and they don’t want to hope about it anymore. We are a nation with incredible potential and incredible risk and this is reflected in the stock market almost every single day.

Bottom line: Trump will win this November, in my opinion, and this is bullish for markets. The low hanging fruit is in the financials and Russell 2000. A Harris win doesn’t mean bear market; but it just won’t be like a Trump win, which will almost assuredly get the speculative fervor going again.