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The Donald Trump Knockout Strategy

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The Donald Trump Knockout Strategy

Author: Greg Valliere

January 3, 2024

The Early Trump Knockout Strategy

January 3, 2024

DONALD TRUMP’S CAMPAIGN ADVISERS believe they can wrap up the Republican nomination on Super Tuesday, March 5, when the former president is likely to win nearly all of the 15 state primaries.

EVEN IF TRUMP’S WINNING MARGINS slip in Iowa on Jan. 15 and in New Hampshire on Jan. 23, polls show him comfortably ahead. He’s headed for a landslide in Iowa, with a closer margin likely in New Hampshire, where Nikki Haley and Ron DeSantis have a chance to exceed 20%.

AFTER A QUIET FEBRUARY, highlighted by the South Carolina primary — and a Trump victory — on the 24th, the stakes will be huge on Super Tuesday, when more than a third of all the GOP delegates will be at stake, the biggest haul of any single date on the primary calendar.

STATES WITH ELECTIONS ON SUPER TUESDAY include Alabama, Arkansas, Alaska, California, Colorado, Iowa, Maine, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Utah, Vermont and Virginia. It’s possible that Trump could win ALL of these states — even Maine, assuming his ballot status has been resolved by the Supreme Court by then.

BY EARLY SPRING, THEREFORE, TRUMP COULD BE THE PRESUMPTIVE NOMINEE, focusing on fundraising and campaign events in states that will be crucial in the fall. It’s possible that he will have no serious opponent by spring — although the media, desperate for some excitement, may hype this as a close race. It isn’t.

POLITICAL OBSERVERS believe Trump’s ground operation is far more disciplined and focused than four years ago, and they agree that the former president hasn’t been hurt — and may have been helped — by his legal issues. Trump’s support in Iowa has been rock solid as he barnstorms through the state.

IT’S STILL TOO EARLY to make a definitive call on the November election; both Trump and Joe Biden veer off script frequently. Most nationwide polls have Trump ahead of Biden by 2 or 3 points, within the margin of error. But there’s little doubt that Trump will be the GOP nominee, which should be clear within two months.


The views expressed in this blog are those of the author and do not necessarily represent the opinions of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies.

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. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

For further information, please visit AGF.com.

©2025 AGF Management Limited. All rights reserved.

Written by

Greg Valliere

Greg Valliere

Chief U.S. Policy Strategist

AGF Investments

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