Underdog Investors

Key Points: Markets think Trump’s debate win could mean a victory in November. Asian stocks are happy since there wasn’t much anti-China talk. The dollar inched up in Asian markets as investors saw former president Donald Trump as the winner of the first U.S. presidential debate. Bloomberg’s measure of the U.S. dollar rose as much as 0.2% on Friday before calming down, marking a sixth week of gains. President Joe Biden had a rough start in the debate, causing some to worry about his chances in the November election. Key Takeaways: Trump's Promises : Trump promised to add 10% tariffs on imports if he wins in November. This could push up prices, making it less likely for interest rates to be cut and thus supporting the U.S. dollar. Market Response : "Markets likely think today’s debate hints at a Trump win in November,” said Carol Kong, a strategist at Commonwealth Bank of Australia. “Trump’s policies might raise prices and trade tensions, which could help U.S. interest rates an...

Biden's Debate Disaster: A Campaign in Crisis? President Joe Biden's debate performance was nothing short of a train wreck. From coughing fits to repeated stumbles over facts, Biden's shaky showing has set off alarm bells about his age and capability. The Democratic Party is buzzing with chatter about possibly swapping him out for a fresher face on the ticket. Trump Steals the Show Former President Donald Trump brought his A-game, maintaining high energy and delivering relentless attacks. Despite his usual mix of exaggerations and outright falsehoods, Trump managed to stay composed and on point, avoiding the aggressive outbursts that plagued his past debates. This strong performance has solidified his lead, with many undecided voters now leaning his way. Debate Drama: Hot Issues on the Table Abortion : Biden fumbled a prime opportunity, awkwardly shifting to immigration, a topic he struggles with. Economy : Trump hit hard on Afghanistan, the border crisis, and inflation, wh...