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8min chapter
How the Debate Moved the Market & Wall Street’s Take on Trump - with Josh Brown
Prof G Markets
Market Reaction to Debate and Election Outcome Probabilities
The chapter analyzes the market response to a recent debate, focusing on a 30% drop in Biden's winning chances, leading to a bear steepener in the market and Wall Street betting on Trump's tax cut extension. It also explores the impact of candidates' tax policies on Treasury yields, corporate taxes, buyback taxes, and Trump's proposed tariffs.
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