The Debate: Unpacked

Market Reactions

The debate's impact on market reactions was immediate and significant. Jessica Tarlov noted a three-point bump in the betting markets for Kamala Harris, highlighting a shift in investor sentiment 1. This change reflects a broader narrative where the markets, which once favored Donald Trump, now seem to be reevaluating their stance. Scott Galloway questioned whether Harris should capitalize on this momentum by engaging more with the press 1.

She's someone that really thrives off of her mojo. You know, when she's feeling good, she can do it.

--- Jessica Tarlov

The debate's outcome suggests a potential shift in political dynamics, with Harris gaining traction among undecided voters.

   

Market Signals

Market signals following the debate reveal a complex interplay between politics and economics. Scott Galloway explained that Trump's media company, a publicly traded entity, has become a proxy for his election prospects 2. Despite its lack of profitability, the company's market value fluctuates based on Trump's political fortunes. This morning, it experienced a significant drop, reflecting a decreased likelihood of his reelection. Jessica Tarlov observed that Harris's approval rating among undecided voters rose significantly, indicating her potential to sway public opinion 2.

The marketplace is essentially saying the likelihood that he is elected president is twelve and a half percent less likely as of this morning.

--- Scott Galloway

These market movements underscore the debate's influence on both political and economic landscapes.