Earlier this week, former President Donald Trump tried to take credit for booming stock markets.
And maybe he is right.
Billionaire investor Scott Bessent, a former Soros Fund Management chief, says rising markets are being fueled by polls that show the former president can beat Joe Biden in November's election.
'We believe that equity markets are in the midst of a "Trump Rally" that will last as long as he remains ahead of Biden in the polls,' he wrote Wednesday to investors in his Key Square Capital Management fund.
Trump is the clear frontrunner to claim the Republican nomination.
And a string of national polls suggests he leads Biden in their head-to-head matchups.
