Griffin of Citadel Predicts Trump's Victory in the White House
At the Future Investment Initiative summit in Saudi Arabia, Citadel CEO Ken Griffin and Blackstone CEO Steve Schwarzman shared their insights on the imminent US presidential election, which is only six days away.
Griffin's Prediction
Griffin expressed to the panel at the summit that the current expectation is for Donald Trump to win the presidency. He added, "We are at that moment of peak uncertainty. It is a race that Trump is favored to win, but it is almost a coin toss."
Schwarzman's View
Schwarzman, during the same panel discussion, shared his thoughts on US politics, stating, "I don't know who's going to win the presidency ... but it appears Trump is in a much better base of knowledge of how that job works and how to be efficient and effective in doing it."
Goldman Sachs CEO's Statement
Earlier, Goldman Sachs CEO David Solomon spoke to Bloomberg TV, stating, "We do have an election, and there will be policy decisions coming," and added, "Those will impact the trajectory in 2025 and 2026."
Market Indicators
Equity and bond markets have already moved in directions that suggest a potential Trump victory. This was detailed in a note titled "These Are Goldman's Favorite Election Trades," which highlighted Goldman's Republican Policy pair (GSP24REP), up 7% on the year, while the Democratic Policy pair (GSP24DEM) is down 2.3%.
Polymarket's Influence
Weeks ago, it was shown how Polymarket's Trump election odds influenced the bond market. The current Polymarket Trump-Harris spread is significantly in favor of a Trump win.
Shift in Public Trust
It was noted that the mainstream has lost its monopoly over media and is now losing its monopoly over polls, prediction markets, and shaping public opinion as trust shifts to independent new entities.
National Polling
According to the national polling aggregate by RealClearPolitics, Trump is maintaining a slight lead over Harris.
Elon Musk's Stand
While Griffin and Schwarzman shared their views on the upcoming election on Tuesday, Elon Musk has gone all-in for Trump. It appears America's leading entrepreneurs want real leadership and stability after 3.5 years of uncertainty and chaos with the Biden-Harris regime.
Bottom Line
As the US presidential election approaches, various influential figures and market indicators suggest a potential victory for Donald Trump. However, with the race being described as a "coin toss," the outcome remains uncertain. What are your thoughts on these predictions? Feel free to share this article with your friends and discuss. Don't forget to sign up for the Daily Briefing, which is every day at 6pm.
