NewsTrump's election odds soar after assassination attempt in Pennsylvania

Trump's election odds soar after assassination attempt in Pennsylvania

The attack on Donald Trump has sparked new speculation about his election chances.
The attack on Donald Trump has sparked new speculation about his election chances.
Images source: © Licensor | Jabin Botsford, The Washington Post, via Getty Images
Robert Kędzierski

14 July 2024 09:29

During a campaign rally in Pennsylvania, there was an attack on former President Donald Trump, who is participating in the presidential race. Following the attack, Trump’s chances of returning to the White House increased, according to predictions.

During Donald Trump’s speech in Butler, Pennsylvania, on Saturday, gunshots were heard. Joe Biden's competitor was not seriously injured, but Secret Service agents had to immediately evacuate the politician. More and more photos are circulating in the media showing blood marks on the former president's head and ear.

What are the initial market reactions to the events in Pennsylvania? Bitcoin and other cryptocurrencies have already reacted. Analysts predict that when the stock markets open on Monday at 9:30 a.m. Eastern Time, investors will be looking for safe havens, including gold.

There are also early predictions regarding Donald Trump’s election chances. According to the Polymarket platform, the probability of Trump winning has risen to 68 percent, which represents a significant jump compared to previous polls.

Predictions regarding the victory in the US presidential election
Predictions regarding the victory in the US presidential election© Licensor | Polymarket

The media also show a support map for Ronald Reagan during the 1984 election. The assassination attempt he faced three years earlier greatly influenced the final decisions of voters, suggests Nexta.

In the 1984 presidential election, Reagan achieved a crushing victory over Democratic candidate Walter Mondale. Reagan received 58.8 percent of the popular vote and a staggering 525 electoral votes, while Mondale received only 40.6 percent of the popular vote and 13 electoral votes. This result was one of the most decisive victories in American presidential elections.

Wave of comments after attempt on Donald Trump’s life

Immediately after the incident, support for Donald Trump appeared on social media. Among the commentators were well-known influencers and entrepreneurs. Dave Portnoy, founder of Barstool Sports, stated that the assassination attempt effectively ended the election campaign, giving Trump a certain victory.

Meanwhile, Elon Musk, CEO of Tesla, publicly expressed his support for the former president, wishing him a swift recovery.

How would Donald Trump’s victory affect the economy? Experts also point out potential benefits for certain sectors of the economy if Trump is re-elected as president. Private prison stocks could be among the beneficiaries, potentially linked to stricter immigration policies. Companies offering credit cards might gain from the potential easing of financial regulations. Meanwhile, health insurance companies could see increases due to potential changes in the healthcare system proposed by Trump.

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