Unless you live under a rock, you are probably aware that there was an attempt on Donald Trump’s life this week.
So far, the knee-jerk reaction of many of his supporters, that the shooter was some kind of hate-filled left winger, seems to be off, as the young man involved was a registered Republican, known by many to be a conservative. It looks more like just another case of a young man who was fighting some personal demons shooting at a high-profile target, but that doesn’t mean that Trump won’t see some benefit from the attack in the upcoming election.
The shooting enables him to position himself as a hero, and the iconic picture of his clenched fist salute immediately after the attack reinforces that image.
That was certainly how he was treated at the Republican National Convention this week, and most polls show him with a slight, but quite consistent lead over President Biden, particularly in the swing states that really matter in a Presidential election.
So, whether you love or hate Trump, and there are very few who are in between those two emotions, as an investor, it would probably be a good idea to think about positioning for a Trump win in November.
So, what should you buy?
The first thing to understand here is that this is not your father’s Republican Party. They may still be largely funded by captains of industry and Wall Street types, but Trump is seen as standing against “the man”. That is a remarkable feat of marketing and spin.