Wall Street pros get into position to profit from a Trump win

The US markets see a Donald Trump win as a good thing. (Image: Getty)

Wed, 23 Oct 2024

By Caitlin McCabeSome large hedge funds and money managers, sensing a potential shift in momentum, are getting behind trades that could pay out if Donald Trump beats Kamala Harris in the US presidential election.While most polling still shows a tight race, that shift has rippled across markets in recent weeks, boosting assets seen as likely to benefit from a Republican victory. For instance, private prison operator GEO Group is up 20% in October, on pace for its best month since 2022, while bitcoin miner Riot Platforms has risen 31%.Well-k...

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