Markets Will Digest Shock of Trump Attack

Today’s Points:

The Trump assassination attempt makes him ever-more clearly the front-runner.

It’s unwise to call it a done deal — but Trump 2.0 should now be treated as the base case.

Focus will now move to the bond market; will it revolt in the face of tariffs and tax cuts? 

Last week’s rotation in stocks might easily reverse with an expansionary Trump administration.

AND Rest In Peace, Dr. Ruth.

Base Case

Financial journalism can feel bloodless, if not tasteless, at times like this. Finance is rightly far down our list of priorities when lives have been lost and an event with horrifying implications for society has happened. However, shocking events like the attempted assassination of former president Donald Trump are bound to have financial effects, which will matter. Further, it’s my job to cover them. So I will now embark on an attempt at dispassionate analysis of what the appalling happening in Butler, Pennsylvania, will mean for markets and the economy.