Chart by Scott Bessant, some MAGA billionaire asshole who set out to back up fat former President Trump’s batshit “THIS IS THE TRUMP STOCK MARKET BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN” theory he keeps using to explain why the Dow and other indexes are at record highs these days. We saw this because the Gateway Pundit had retweeted some chode’s post of it, writing that “stocks are up 35.2% when Trump leads Biden versus 3.4% when Biden leads,” but Bloomberg also ran a story on this assclown on Thursday.
Interestingly enough, per Bloomberg, Bessent used to work for George Soros before striking out on his own and obviously becoming a total Trump ballsucker. “Markets are now anchoring on the potential market-friendly policies of a Trump victory on Nov 5,” Bessent wrote in a Wednesday memo to investors which also downplayed all the fascism shit by saying Trump would liklier “seek rejuvenation/redemption” if he returns. Bessent predicted a Trump win would bring a period like the “roaring twenties” of the last century. Does this fucking idiot know how the 1920s ended?
Bessent also preemptively cried about the Fed’s expected rate cuts shitting all over the theory in his comic-sans chart. “While we don’t think the Fed is an explicitly political institution, we think nearly all of Washington, DC is united in wanting to prevent the return of Donald Trump,” he wrote.