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Trump's 2024 presidential campaign a focus for markets

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David Randall

NEW YORK (Reuters) – Former President Donald Trump entered the The presidential race has confirmed the world’s “best-kept secret” and created another variable for markets that some investors say remains a low priority right now.

Trump has since lost the

election at his Mar-a-Lago in Florida The estate announced its bid, appearing to pre-empt potential Republican rivals.

His disappointing performance in last week’s congressional midterm elections, which many Republicans blamed on him, and as the party in the 19 – House of Representatives. “I don’t think the announcement is as important as people think – and in the midterms it reduces the chances of a nomination,” Invest said Joshua Crabb, head of Asia-Pacific equities at management firm Robeco. “If he gets good traction in the nominations, the impact will only go down the track.” Wall Street has largely taken a backseat this year, with macroeconomic concerns and Fed policy being the main drivers of the market.

Trump’s announcement, meanwhile, came as no surprise to investors, as the former president has already indicated that he may again Run for a while.

“It’s got to be the worst-kept secret on the planet,” said Bill Stone, chief investment officer at Glenview Trust. “There are plenty of other things that need higher priority, although that can obviously change overnight.”

Of course, it’s hard to predict what What kind of investment landscape will the country’s next president face. Likely, it’s unlikely that it bears much resemblance to what’s happening now, or the backdrop that dominated Trump’s presidency, from 166 to166, and with relatively low inflation and a much less hawkish Fed And famous.

Overall, US stocks rose more than Election and his November 50 failed, despite flashpoints of volatility such as the trade war with China and the severe but short-lived economic slowdown that accompanied COVID- Pandemic.

The Republican president has claimed credit for the stock market rally, often tweeting about Wall Street’s performance.

Despite the recent backlash, 500 Standard & Poor’s 50 is falling

% In the year to Tuesday, the Reserve Bank implemented a series of sharp interest rate hikes in the wake of a federal probe to combat inflation.

Investors are also eyeing Trump-related stocks as a gauge of the former president’s prospects.

Digital World Acquisition Corp, the Blank check companies looking to buy Donald Trump’s social media venture public company fell 8.8% on Tuesday, while Trump Corporation

Re-election campaigns hired software developer Phunware Inc to build mobile apps slipped 4.7 percent.

Both stocks rose earlier this month on reports that Trump was considering a third White House bid. 1000

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