
Memo to the Democrats — Be Careful What You Wish For
Author: Greg Valliere
August 10, 2022
VIRTUALLY ALL OF TRUMP’S POTENTIAL 2024 GOP CHALLENGERS have rushed to defend the ex-president. Stunned political insiders in Washington are in agreement — Trump’s supporters are so enraged and energized that he probably can clear the field in Republican primaries.
WHAT A GIFT from Attorney General Merrick Garland, who needs to explain — soon — just what the FBI was looking for. If there are national security implications, Garland has to say what they are.
TRUMP KNEW IMMEDIATELY what a gift he got. As a colleague points out, it was Trump who broke the story of the FBI raid — he wanted everyone to know, because Garland handed him a lifeline.
THE OPPOSING NARRATIVE: Just because Trump has huge support within the GOP doesn’t mean he’s the favorite to recapture the presidency in the general election, when centrist swing voters will be crucial. And there will be more revelations in upcoming trials. And the economy and inflation may look better; let’s see this morning’s CPI report.
BOTTOM LINE: For now, we’ll conclude that Trump is the clear favorite to win the GOP nomination. Garland has jump-started the Trump campaign, and the ex-president’s endorsed candidates did well in election results last night.
THIS ENORMOUSLY CONTROVERSIAL candidate is the probable nominee, not another conservative — Ron DeSantis — who could do better with moderates than Trump. But DeSantis and all the others may have to wait until 2028 to run.
HAVING TRUMP heading the ticket may be what Garland and the Democrats want, figuring that Trump would be easier to beat than DeSantis. If some Democrats think that, we’ll simply repeat the old adage — be careful what you wish for.
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFA and AGFUS are registered advisors in the U.S. AGFI is a registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
For further information, please visit AGF.com.
©2023 AGF Management Limited. All rights reserved.