Former President Trump officially won the GOP nomination with his vice presidential pick, Sen. JD Vance, in tow. The Republican senator from Ohio, a former Marine, private equity alum and author of a bestseller-turned-Netflix special, received the nod on Monday, two days after the former president narrowly escaped an assassination attempt during a rally in Pennsylvania. "Prior to this horrific event, the markets were already sniffing out, subsequent to the debate, a Trump victory.
But what we generally see historically is that no matter how the results shake out, volatility ebbs back to more normalized levels post-election day," he noted, and then investors turn back to fundamentals. "The level of interest rates, growth and corporate profits, and obviously the trajectory for monetary policy, these are the four things that generally drive the markets," he said.