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Sheng Bao Bank: The market is experiencing a surge in 'Trump 2.0' transactions
On November 6, Jinshi data, Shengbao Bank’s chief macro strategist John Hardy wrote in a report that with the Republican candidate leading in the polls and Harris’s path to victory narrowing, the market is flooding with “Trump 2.0” trades. He said that even so, investors should be patient because a true “Trump 2.0” scenario requires control of the House. He also added that given Trump’s advantage in the popular vote, the likelihood of the Republican Party controlling the House is high. Hardy said that the market’s response is strong but orderly, as investors have been positioning towards “Trump 2.0” trades since early October.