Trump's Assassination Attempt Sparks Stock Market Surge and Election Betting Frenzy

Butler, Pennsylvania, Pennsylvania United States of America
Contracts for a Trump election victory on PredictIt rose to 68 cents from 60 cents, indicating a higher probability of him winning the November election.
Former President Donald Trump survived an assassination attempt during a rally in Pennsylvania on July 16, 2024.
Gun manufacturers and prison stocks also saw gains in their stock prices.
Truth Social's stock price surged by about 30% to $40 per share following the incident.
Trump's Assassination Attempt Sparks Stock Market Surge and Election Betting Frenzy

Former President Donald Trump survived an assassination attempt over the weekend during a rally in Pennsylvania. The incident did not result in any serious injuries to Trump, but it has sparked a surge of interest and speculation about the upcoming presidential election. According to various reports, investors are betting on Trump's return as president based on this event.

One of the most notable developments following the assassination attempt was a significant increase in shares for Truth Social, which is Trump's social media platform and parent company of Truth Social Media Inc. The stock price surged by about 30% to $40 per share, marking a substantial gain from its previous levels.

The surge in the value of Truth Social's stock was not an isolated incident. Other companies that could potentially benefit from a Trump presidency also saw their stocks rise. For instance, gun manufacturers such as Smith & Wesson Brands and Sturm Ruger & Company experienced gains, while prison stocks like Geo Group and CoreCivic also saw increases in their stock prices.

The assassination attempt did not only impact the stock market but also influenced betting odds on PredictIt. Contracts for a Trump election victory rose to 68 cents from 60 cents on Friday, indicating a higher probability of him winning the November election against President Joe Biden. Meanwhile, contracts for a Biden victory dropped to 26 cents.

The reasons behind this surge in support for Trump are varied. Some investors believe that his hawkish trade policy and deregulation efforts could lead to economic growth and increased profits for certain industries. Others see the potential for tax cuts and lower interest rates under a Trump presidency, which could benefit various sectors.

Despite these developments, it is important to note that there are risks associated with investing based on political events. The outcome of the election is uncertain, and market conditions can change rapidly in response to new information or unexpected events.

In conclusion, the assassination attempt on Donald Trump has led to a surge of interest in his potential return as president and a corresponding increase in investments in companies that could benefit from his policies. However, investors should approach these opportunities with caution and consider the risks involved.


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Confidence

85%

Doubts
  • It is unclear whether Trump's policies would actually lead to significant economic growth or profits for certain industries.
  • The article does not provide any specific details about the assassination attempt or the identity of the assailant.

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bitcoin surges as traders bet on Donald Trump election win after shooting

Financial Times Tuesday, 16 July 2024 00:05
  • Unique Points
    • Bitcoin surges as traders bet on Donald Trump election win
  • Accuracy
    • Traders bet on Donald Trump election win
    • Bitcoin surges
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Dow closes at record high after Trump survives assassination attempt

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Krystal Hur Monday, 15 July 2024 18:12
  • Unique Points
    • Former President Donald Trump survived an assassination attempt over the weekend
    • Bettors raised their wagers that Trump will win the November election against President Joe Biden to 68 cents, implying a 67% chance of Trump winning
    • Trump named US Ohio Sen. JD Vance as his running mate
  • Accuracy
    • Bitcoin surges
    • Traders bet on Donald Trump election win
    • The Dow gained half a percent, the S&P 500 added three-tenths of a percent and the Nasdaq climbed four-tenths
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority when it states 'Morgan Stanley research estimates that an expansion of the 2017 tax cuts would boost deficits sharply.' This is a fallacy because the truth or falsehood of the statement does not depend on the authority of Morgan Stanley, but rather on whether their research is accurate and unbiased.
    • Morgan Stanley research estimates that an expansion of the 2017 tax cuts would boost deficits sharply.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

86%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Wall St. rises as investors bet on second Trump term

Yahoo Finance Reuters Videos Tuesday, 16 July 2024 00:10
  • Unique Points
    • Investors see a Trump presidency as likely resulting in a more hawkish trade policy, an extension of tax cuts and deregulation in various areas
    • Shares of Trump Media & Technology Group soared nearly 31.5% after the former president’s Truth Social platform parent company
  • Accuracy
    • U.S. stocks closed higher on Monday with investors increasing expectations of a second Donald Trump presidency
    • The Dow gained half a percent, the S&P 500 added three-tenths of a percent and the Nasdaq climbed four-tenths
    • Dow notched an all-time closing high
  • Deception (70%)
    The author makes editorializing statements in the article, such as 'If anyone can turn an assassination attempt into a home run, it’s Donald Trump.' and 'The markets like the pro-Trump world.' These statements are not factual and are intended to manipulate emotions. The author also selectively reports information by focusing on stocks that have rallied after the failed assassination attempt, while ignoring those that have sold off.
    • The markets like the pro-Trump world.
    • If anyone can turn an assassination attempt into a home run, it’s Donald Trump.
  • Fallacies (85%)
    The author makes an appeal to emotion with the statement 'If anyone can turn an assassination attempt into a home run, it’s Donald Trump.' This is an informal fallacy known as an appeal to emotion. The author also makes a dichotomous depiction by stating 'The markets like the pro-Trump world' and 'Clean energy selling off, the anti-Trump stocks.' This creates a false dichotomy between pro-Trump and anti-Trump stocks.
    • If anyone can turn an assassination attempt into a home run, it’s Donald Trump.
    • The markets like the pro-Trump world
    • Clean energy selling off, the anti-Trump stocks.
  • Bias (95%)
    The author makes no overtly biased statements in the article. However, there are some potentially biased elements that merit mention. The author quotes Eric Diton making a statement that could be interpreted as expressing a pro-Trump bias: 'If anyone can turn an assassination attempt into a home run, it’s Donald Trump.' While this statement is not explicitly endorsed by the author, it does create an impression that the markets and investors are excited about the prospect of a second Trump term. Additionally, there is a reference to 'Trump stocks' rallying and 'anti-Trump stocks' selling off. This language could be seen as implying a bias in favor of Trump and against those who oppose him. However, it is important to note that this language comes directly from the quoted source and does not represent an authorial endorsement or bias.
    • 'If anyone can turn an assassination attempt into a home run, it’s Donald Trump.', Eric Diton
      • 'The markets are excited. The Trump stocks are rallying. Trump stocks are crypto stocks, they’re prison stocks, they’re guns. Clean energy selling off, the anti-Trump stocks.'
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      91%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Trump's Truth Social stock soars after assassination attempt

      ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Tuesday, 16 July 2024 00:11
      • Unique Points
        • Former President Donald Trump’s social media platform Truth Social saw a surge in early trading on Monday, with shares climbing about 30% to a price of $40.
        • The assassination attempt at a Trump rally in Pennsylvania on Saturday may have contributed to the stock’s strong performance.
        • Truth Social generated roughly $4 million in revenue last year and reported $58 million in net losses over that period.
      • Accuracy
        • Former President Donald Trump survived an assassination attempt over the weekend
        • Shares of Trump Media & Technology Group soared nearly 31.5% after the former president’s Truth Social platform parent company
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (85%)
        The author makes an appeal to sentiment and ideology when describing Truth Social as a 'meme stock' and a 'little bit of a proxy for sentiment toward Donald Trump himself'. This is an informal fallacy known as hasty generalization or appeals to emotion.
        • ][The term meme stock indicates] a company that largely appeals to investors on the basis of ideology rather than financial outlook.[/]
        • [Truth Social serves as a little bit of a proxy for sentiment toward Donald Trump himself.]
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (100%)
        None Found At Time Of Publication
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      78%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      Trump Media, gun stocks surge after assassination attempt

      Al Jazeera Media Network Al Jazeera Tuesday, 16 July 2024 00:12
      • Unique Points
        • Markets are betting on Donald Trump returning as president in the upcoming US elections.
        • Shares of Trump Media & Technology Group soared 30 percent, lifting the company's stock market value to $7.6bn.
        • Elon Musk publicly endorsed Trump following the shooting.
      • Accuracy
        • Shares of Trump Media & Technology Group soared 30 percent, lifting the company’s stock market value to $7.6bn.
        • Bitcoin surges
        • Traders bet on Donald Trump election win
      • Deception (30%)
        The article engages in sensationalism by reporting on the surge in stocks and markets following an assassination attempt on Donald Trump, implying that this is a significant development. The author also selectively reports details that support the idea of a Trump presidency having positive effects on certain industries, such as gun stocks and crypto, without providing any context or balance. There is no editorializing or emotional manipulation in the article, but it does lean towards presenting Trump's return to power as a foregone conclusion.
        • Markets are betting on Donald Trump returning as president in the upcoming US elections.
        • Shares of Trump Media & Technology Group soared 30 percent, lifting the company's stock market value to $7.6bn.
        • Stocks jump: Gun makers and ammunition stocks Smith & Wesson Brands, Sturm Ruger & Company and Ammo jumped between 7 percent and 15 percent.
      • Fallacies (80%)
        The author makes several statements that could be considered appeals to authority. For example, they quote Ben Laidler and Rick Meckler making predictions about the markets and Trump's chances of winning the election. While these experts may have knowledge and expertise in their fields, their opinions do not automatically make the statements true or free from fallacies. Additionally, there is an example of inflammatory rhetoric when the author states 'stocks jump' without providing any context or evidence to support this claim.
        • It's nearly four months to go [until the election] and things can change, but today the markets are betting on Trump being the victor.
        • Shares of Trump Media & Technology Group soared 30 percent, lifting the company's stock market value to $7.6bn.
        • Stocks jump
        • A second Trump presidency would mean expansionary economic stimulus in general, lower income taxes, less regulation, and increased tariffs.
      • Bias (95%)
        Al Jazeera's article reports on the surge in various stocks and assets following an assassination attempt on Donald Trump. While the article does not contain any overtly biased language towards Trump or his opponents, it does present information that could be perceived as favorable to Trump's campaign. The author states that markets are betting on a Trump victory and mentions several companies with ties to him, such as Truth Social and Tesla, which have seen significant gains. Additionally, the article notes that investors believe a second Trump presidency could lead to expansionary economic policies and increased tariffs. These statements could be perceived as positive for Trump's campaign and may influence readers' perceptions of his candidacy.
        • Investors believe a second Trump presidency could fuel trade tensions between Beijing and the US.
          • ]Markets are betting on Donald Trump returning as president in the upcoming US elections.[
            • Shares of Trump Media & Technology Group, majority-owned by Trump, soared 30 percent.
            • Site Conflicts Of Interest (100%)
              None Found At Time Of Publication
            • Author Conflicts Of Interest (100%)
              None Found At Time Of Publication