George Soros' ex fund manager is convinced this candidate will win US presidential elections

One of George Soros's former star fund managers Stan Druckenmiller has revealed who will win the upcoming high-stake and crucial US Presidential elections 2024. Stan Druckenmiller, who left his job making money for left-leaning tycoon George Soros to start his own investment firm Duquesne Capital, is of the opinion that stock markets are quite convinced that Republican nominee Donald Trump will return as the President of the United States.

Around a week back, Stan Druckenmiller told the New York Post that the last two weeks have shown that the markets are pricing in a Trump victory. This statement by Druckenmiller, is more like a bolster for the Republican camp, and a major alarm for Kamala Harris. Wall Street is “very convinced” that former President Donald Trump is going to win the 2024 presidential election, according to the billionaire investor.

Stan Druckenmiller is the former fund manager of George Soros. A renowned American investor, Stan gained prominence for his successful tenure at the Quantum Fund with George Soros and for his role in betting against the British Pound in 1992, According to Bloomberg Billionaires Index, Stan Druckenmiller's net worth is at $9.98 billion.


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'Trump going to win US elections'

“You can see it in the bank stocks, you can see it in crypto,” Stan Druckenmiller told Bloomberg News. “In the last 12 days, the market and the inside of the market is very convinced Trump is going to win.” When asked whom he plans to vote for, Druckenmiller said: “I certainly would never support either one of them.”

He added banks and cryptocurrency are two sectors of the economy that will profit handsomely due to Trump’s pledge to deregulate industries. Druckenmiller is also of the opinion that it is quite unlikely for the Democrats to gain control of Congress even in the case Kamala Harris ended up emerging victorious in the US Presidential elections. He also claimed that the US equities could be in trouble in the case of a 'blue win' or sweep.

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“If you put a gun to my head…I would guess Trump is favored to win the election,” he said.

He further added that even if Vice President Kamala Harris, who joined the White House race after Biden decided to quit it, won't be able to enact much of her agenda. This is because the state polls show Republicans are favored to win a majority in the US Senate, he opined.

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He predicted that a “red sweep” — a Trump victory as well as a Republican majority in both houses of Congress, is “more likely.” Druckenmiller said that Trump and Harris “are actually unified on some things, like industrial policy.”

“Both of them think apparently the government should have a major role in allocating capital, which I find frankly bizarre,” he said.

Druckenmiller said both Democrats and Republicans are “throwing free market Reagan capitalism to the side,” though he said Harris’ policies were “much worse in terms of anti-business and regulation.”

Druckenmiller called Trump a “blowhard” who lacked the “dignity” of Ronald Reagan and other presidents.

The most recent Fox News poll shows Trump ahead of Harris nationally though the vice president has a slight lead in key battleground states. A Reuters/Ipsos poll found that Harris held a marginal three-point leader over Trump.