September S&P 500 E-Mini futures (ESU24) are up +0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.52% this morning as investors increased their bets on Donald Trump winning the U.S. presidential election following an assassination attempt, with the focus shifting to Wall Street’s earnings season, key economic data releases, as well as comments from Federal Reserve Chair Jerome Powell and other Fed officials.
Donald Trump was shot in the ear during a Saturday campaign rally, an attack that left the Republican presidential candidate’s face streaked with blood. His security agents swiftly surrounded him, but he soon emerged, pumping his fist in the air and mouthing the words “Fight! Fight! Fight!” The Republican National Convention begins on Monday and continues through Thursday when presidential candidate Donald Trump will give remarks, marking his first public appearance since the attempted assassination. The dollar rose while longer-maturity bonds fell on Monday as investors anticipated that Trump’s return to the White House would lead to relaxed fiscal policy and increased trade tariffs.
