Anthony Scaramucci Says Kamala Harris’ Poll Numbers Boost Market, Predicts ‘Tough 81 Days’ Ahead For Trump

The stock market has been on a tear and what is more remarkable is its strong comeback after the chaos of August 5th. The former White House communications director Anthony Scaramucci on Thursday commented on the market’s strong rebound, delving into the potential reasons for it.

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What happened: The Nasdaq Composite and the S&P 500 closed for a sixth straight session on Thursday with gains, slowing inflation and evidence that the economy is avoiding a hard landing that is prompting traders to turn even more to stocks. The market crash on Aug. 5 was driven by growth fears and a sell-off in the yen, and the intraday selloff sent the major indexes down more than 2.5 percent each.

Since the crash, the three averages have posted decent gains. The Nasdaq Composite, S&P 500 and Dow Industrials have gained 8.6%, 6.9% and 4.8%, respectively, since August 5.

See also: During market downturns, investors learn that unlike stocks, these high-yielding real estate notes, which pay 7.5% – 9%, are protected by resilient assets, protecting against losses.

They rallied on Thursday amid a drop in weekly jobless claims, a smaller-than-expected drop in manufacturing activity in New York and Philadelphia and a solid reading of retail sales.

The S&P 500, a measure of broader market performance, is now perched at a three-week high.

Harris Connection? Scaramucci said the market’s return to all-time highs may have to do with Democratic presidential candidate Kamal Harris’ rising poll numbers. Poll analysis site FiveThirtyEight’s compilation of national poll results shows Harris now leading the Republican nominee Donald Trump by 46.3%-43.5%.

Trends: Elon Musk and Jeff Bezos are optimistic about a city that could dethrone New York as the new financial capital of the US. Investing in its booming real estate market has never been more affordable.

“Investors are relieved that America won’t have to live under an unstable would-be autocrat,” said the entrepreneur and founder of SkyBridge Capital.

In a separate post, Scarmucci said: “Trump is psychologically dealing with losing this election. He grows darker and darker as a result. It’s going to be 81 hard days.”

Harris has yet to announce his economic agenda or make public the potential policies he is likely to pursue if he reaches the White House. The vice president is scheduled to deliver a major economic speech in North Carolina on Friday.

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This article Anthony Scaramucci Says Kamala Harris’ Polls Lead Market to Rise, Predicts ’81 Tough Days’ Ahead for Trump originally appeared on Benzinga.com

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