Trump's survival after he was shot in the ear during a rally in Pennsylvania on Saturday increased his already considerable lead in betting odds over President Joe Biden. On politics wagering website PredictIt, contracts for a Trump election victory traded at 68 cents, up from 60 cents on Friday, with a potential payout of $1.
"It's nearly four months to go and things can change, but today the markets are betting on Trump being the victor," said Ben Laidler, head of equity strategy at Bradesco BBI, adding that Trump Media "is the tip of the spear and the most sensitive to a Trump victory." "Most investors are not changing their overall commitment to U.S. equities. After all, the broad stock market rose under the last Trump administration and has risen under the Biden administration as well," said Rick Meckler, partner at Cherry Lane Investments.
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