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Investors, analysts and strategists are considering how the shooting of former President Donald Trump at a campaign rally will affect markets. The Federal Bureau of Investigation is treating the incident as an assassination attempt.
The following are reactions to the shooting:
“While indications are for relatively modest market impact on the open of the markets this evening, the probability shifts in favor of Republican broad control are getting closer to the tipping point where pricing of subsequent policy likely has greater impact on markets ahead.” – Bob Elliott, chief investment officer, Unlimited Funds
“The Republican convention starts Monday, and given the events of yesterday, there is already a substantial boost in betting markets for a Trump victory in the election. It will be interesting to see if the polls reflect this boost as well. Given how contentious this election can be, and especially after the events of Saturday, we should start to see equity volatility pick up. Of course, this market seems to be blissfully unconcerned about anything, so for all I know that continues forever.” – Danny Dayan, president, DSD Global Holdings
“Perhaps we see the market begin projecting longer-term rates higher, and anticipating lower short-term rates, because I think it’s clear that as president, Trump would push for lower rates right away.” – Jack Ablin, chief investment officer, Cresset Capital
“I’m not sure that this will have much of an impact on equity markets. Stock traders are not particularly good at pricing in events with a nebulous impact on revenues, earnings, cash flows, etc. and this weekend’s events fall into that category.” – Steve Sosnick, chief strategist, Interactive Brokers
Seeking Alpha will add more commentary as it becomes available.
