Former President Donald Trump's entry on Tuesday into the 2024 presidential race confirmed the world's 'worst kept secret' and created another variable for markets that some investors say remains a low priority for now.
Trump's announcement, meanwhile, came as little surprise to investors, as the former president had telegraphed the possibility he might run again for some time.
Of course, it's difficult to predict what kind of investing landscape the country's next president will face. “He’s the Holy Trinity of market lubrication – stimulus, through deficit spending, low interest rates - easy money - and a lack of regulation," Anthony Scaramucci, a former White House communications director under Trump and founder of Skybridge Capital, said on the sidelines of a conference in Singapore.
"If anything, his decision to run may accentuate the divisions going on amongst Republicans, with many blaming him for their poor mid term election showing," said Shane Oliver, head of investment strategy at AMP in Sydney. "These divisions may even lessen the chance of a more market friendly Republican administration gaining the presidency in 2024 so some investors may actually see it as a negative for markets.
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