Wall Street Going "All-In On Trump"

Matt Drudge's slide into mainstream media obscurity has been one of the more remarkable events of the post-Trump era, yet - like an insane uncle locked up in the attic - few would bring it up in polite conversation (especially since so little is known about what caused Drudge's striking U-turn in his one-time embrace of Trump). However, his tweet (or post) from last week that according to Wall Street, Kamala had a 72 chance to win (since deleted)...

... prompted us to respond.

We were the first, but hardly last, and shortly after our response to Drudge, both Goldman and JPMorgan chimed in, with reports that validated our criticism of Drudge's naive - and dead wrong - claim.

Later that day, JPMorgan's closely followed Positioning Intelligence team published a must read report (available to pro subs), in which John Schlegel summarized the recent hedge fund positioning rather simply: "all-in on Trump themes."

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