Hedge fund managers are preparing for a potential Trump win in November, loading up their portfolios with stocks that would benefit from a Trump victory, The Wall Street Journal (WSJ) reported Wednesday.
The outlet identified sectors like the private prison industry and cryptocurrency as ones that would stand to benefit from a Trump win, and highlighted large rises in the stock prices for corporations within those industries as proof.
Investors like Third Point’s Dan Loeb cited Trump’s proposed tariffs as reasons to be optimistic about a Trump presidency’s impact on the stock market.
The tariffs “will increase domestic manufacturing, infrastructure spending, and prices of certain materials and commodities,” Loeb wrote in a letter to investors, the WSJ reported. “We also believe that a reduction in regulation generally and especially in the activist antitrust stance of the…
