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Biden announced his withdrawal. Where will the market follow in the wake of the “Trump trade”?
Jinshi data news on July 22nd, after Biden announced his withdrawal, investors face the issue of whether to adhere to the "Trump trade" since Biden has given up re-election. "Investors should expect volatility to soar," said Dave Mazza, CEO of Roundhill Financial, before the Sunday announcement, "If Harris can give Trump a substantial impact, then we should expect the volatility to continue. However, if Trump continues to lead in the polls, investors believe his victory is inevitable, then the 'Trump trade' will prevail, and volatility will decrease." Grace Fan, Managing Director of Global Policy Research at GlobalData.TS Lombard, wrote in a previous report that the replacement of Democratic candidates means that "as the market reassesses the odds, the Trump trade will waver," but if Harris becomes the final candidate, these bets are "unlikely to change much."