Positioning Your Portfolio For A Potential Second Trump Presidency

Super Tuesday was, if I may, super obvious. Former President Donald Trump clinched nearly every delegate that was up for grabs, forcing his Republican challenger, Nikki Haley, out of the race, which all but guarantees his nomination. Trump’s poll numbers, as aggregated by RealClearPolitics, also show him pulling further ahead of President Joe Biden, whose own favorability remains in the doldrums as the border crisis continues unabated.

trump polling further ahead

Eight months remain until the general election, but I don’t believe it’s too soon for investors to prepare for a potential second Trump term. And let’s be clear: Trump, should he win, would be constitutionally limited to a single additional term, the same as Biden. Since the current administration has reversed a number of Trump-era policies—especially those involving immigration—Trump and lawmakers would need to work fast to implement new legislation and policies before the end of those four years.

Below are three areas for investors to watch in the event of a Trump victory this November.

1. Immigration And Border Security

Immigration is the top issue on most Americans’ minds right now, according to a recent Gallup poll; it’s also arguably the topic most associated with Trump.

Since Biden took office in 2021, a record number of undocumented migrants have poured into the U.S., alarming families and businesses alike and straining many communities’ infrastructure and resources.

So far in fiscal 2024, which began in October 2023, there have been nearly 1 million recorded migrant encounters at the U.S.-Mexico border, exceeding the total amount in most previous years. The U.S. now has a record number of foreign-born people living within its borders at 49.5 million, or 15% of the total population, the Census Bureau reported in October.