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Wall Street Bets on Trump 2.0

The rest of America may see the election as too close to call, but Wall Street is preparing for Trump’s second coming. Herewith, a chilling chat with a couple liberal finance titans, who also happen to be Trump Wall Street truthers.

donald trump
The Real Clear Politics “betting average” of a group of investor bets on the outcome of the presidential election has Trump at 60 percent to Harris’s 40. Photo: Brandon Bell/Getty Images
William D. Cohan
October 27, 2024

It’s sad but true: Wall Street is preparing for a return of Donald Trump and all the crazy that comes with him. Sure, a handful of investors—Bill Ackman, Dan Loeb, Steve Schwarzman, Howard Lutnick, Nelson Peltz, and John Paulson among them—are happy about it, likely fearful that Kamala Harris would derail their gravy train, I guess. But most of the other people I talk to on Wall Street are resigned to a Trump victory on November 5, even though they are sick about it.