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Who Won Last Night?

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Insights and Market Perspectives

Who Won Last Night?

Author: Greg Valliere

September 28, 2023

WE HAVE ANOTHER SIX WEEKS before the next GOP debate, hopefully enough time to reduce the field and recover from last night’s cringe-inducing insults and yelling. What a wise move by Donald Trump, skipping this mess.

Here, very briefly, is our take on the winners and losers:

1. Nikki Haley: She’s a professional debater, never afraid to mix it up, and she won once again.

2. Ron DeSantis: He finally took off the gloves against Trump, a little too late. Another second place finish, which may be his legacy in 2024.

3. Tim Scott: After his soft first debate, Scott performed well last night. But his chances are slim.

4. Chris Christie: Always entertaining, popular with Democrats, he has no chance of winning the nomination.

5. Vivek Ramaswamy: He apparently switched to de-caf after his sizzling first debate.

6. Mike Pence: A tepid performance that will lead to speculation that he’ll drop out by Christmas.

7. Doug Burgum: He needed a knockout punch but it never came.

BOTTOM LINE: Trump is still the odds-on favorite to win the GOP nomination; it’s unlikely that there will be a late entrant — the train is leaving the station for Virginia Gov. Glenn Youngkin. Could Trump also win the general election? We don’t rule it out — Democrats in this town are worried.

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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. 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.

Written by

Greg Valliere

Greg Valliere

Chief U.S. Policy Strategist

AGF Investments

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