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Wall Street on Alert for Biden Exit as Trump-Win Trades Mount
By
Sydney Maki
Analysis July 03, 2024 at 03:00 PM
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What You Need To Know
- The Wall Street consensus is a Trump re-election resulting in a strong dollar, higher bond yields and gains in bank, health and energy stocks.
- Trump is likely to spur deregulation and produce a steeper Treasury curve thanks to his potentially inflationary agenda.
- Meanwhile, the prospect of a shakeup to the Democratic ticket is also likely to boost Bitcoin.
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