The GOAT just called the election

The GOAT just called the election

Where Innovation Meets Investing

Editor’s note: In today’s new and important essay, RiskHedge’s Chief Trader Justin Spittler says markets are clearly telling us who will win the election. That’s not just according to him, but to the greatest living trader, Stanley Druckenmiller, who says the markets are “very convinced” one candidate is going to win…

***Important: Also, if you haven’t already joined Justin’s new Express Trader—which is off to a great start—the deadline to do so is tonight at midnight. Go here now to lock in your special discount before the doors close.

***

Druckenmiller pretty much just called the election. 

This week, the world’s greatest living trader said he thinks Trump will beat Harris this November.

But Druck didn’t say this because of what he’s seeing in the polls or on betting websites like Polymarket.

He said it because of what he’s observing in the market.

 

You see, the market has a way of seeing the future. It can predict recessions… wars… and breakthrough technological advancements before they become evening news. 

It can also anticipate the outcome of presidential elections.

According to Druck, the market is "very convinced Trump is going to win.” He says this because certain Trump trades are working… Specifically, you can “see it” in bank stocks, crypto, and even Trump Media & Technology Group Corp. (DJT), which is basically a Trump meme stock.

Let me break it down… 

Trump is a big proponent of deregulating the financial sector. So, financial stocks would likely rally if the market thought Trump was going to win the White House.

And that’s exactly what’s happening… 

The SPDR S&P Bank ETF (KBE) is hitting new all-time highs as you read this:


Source: StockCharts

Regionals are also rallying hard. Below, you can see the SPDR S&P Regional Banking ETF (KRE) is breaking out to multi-year highs… 


Source: StockCharts

Crypto is another tell, according to Druck. 

It’s no secret that Trump is the more pro-crypto option of the two candidates. Trump has repeatedly said he wants to make the United States the global leader in digital assets. Earlier this week, he declared “crypto is the future.” 

So, a Trump win could light a fire under bitcoin and the rest of the crypto ecosystem. Right now, it looks like the market is front-running this…

Bitcoin (BTC) is up more than 7% this week. More important, it’s back above its 2021 highs. And it’s broken a multi-month downtrend: 


Source: StockCharts

Bitcoin now looks like it's headed to $100K in the coming months. 

And how could we forget DJT...

Again, this is basically a Trump meme stock. But you could make a case for it giving us the purest sense of Trump’s odds to win the election. 

If so, the recent move in DJT is not to be taken lightly.

As you can see, DJT has gone vertical… rallying 144% over the past three weeks!


Source: StockCharts

If just one of these moves were happening, we could write it off. But collectively, they tell a story. 

Don’t just take my word for it. Take it from the GOAT, Druckenmiller. The markets are pricing in a Trump victory.

But remember, price is objective. It doesn’t care who I think the next president of the United States will be. Instead, it tells me what millions of market participants are doing with their own money.

This is FAR more important than what I or anyone else thinks will happen. And right now, it’s important to keep your emotions in check.

You Still Have Time!
Become a Founding Member of The Rational Optimist Society by November 1: Join a network of entrepreneurs, innovators, and wealth creators shaping the future. Secure your Founding Member status today and receive exclusive weekly emails, rational insights, and access to a visionary community—all for free!

Don't miss out—sign up by Friday, November 1, 2024!


Right now, I’m bullish on stocks no matter who wins the election. The evidence is very clearly telling us there’s a lot of opportunity in this market.

We’re taking advantage of these opportunities in my brand-new Express Trader service, where I recommend the three strongest stocks every week.

If you’d like to join us and get my three handpicked recommendations this and every Monday, now’s the time to make a decision. This introductory discounted offer closes at midnight tonight, so time’s running out. Go here to decide if it’s right for you.

I hope to see you on board. Have a great weekend!

Justin Spittler

Suggested Reading...

How to trade
quantum computing's
breakthrough moment

 

If you only had
$100 to invest
in crypto...




Join our community and get in on the discussion

Keep up with RiskHedge on the go.

Download the App

Scan it with your Phone