The only winners of the 2024 election: stocks and social networks

The only winners in the 2024 election are social networks and the stock market. Meta and YouTube benefit from huge campaign advertising and more traffic due to an increasingly divided nation and election-related news. The other winner is the stock market, due to stimulus spending and tax cuts; both candidates promise boatloads of spending.

Trump will not be good for Bitcoin, as many expect. He will ignore it, similar to his first term.

Trump will try to pass another big stimulus and tax cuts if he wins. Same for Kamala, in addition to more attempts at student loan debt forgiveness. This rampant spending, however, is bad news for the bond market, so I recommend stocks over bonds. This is also why I own META stock (or, specifically, FBL, the 2x ETF which tracks it), which will keep going up for the foreseeable future.

Otherwise, there are no clear winners. If Trump wins, the left will become even more insane, such as a return to more wokeness and social media censorship, and will try to stonewall him like during his first term. If Kamala wins, then it’s like four more years of Biden, but even worse in some ways. This will be good for the post-2022 woke backlash, but having Trump in power is probably still better nonetheless. If your social media career depends on dunking on the woke/left, then having Kamala win is better.

There may be more incidents like the assassination attempt on Trump and other close calls, but it will not lead to widespread unrest, just sporadic, isolated incidents. The nation will continue to become more and more divided, and political differences more irreconcilable. BLM, having been in hibernation for the past four years, will resurface under a Trump win.

Either side may seek to challenge the outcome of the election if it’s too close or other irregularities, so we may see a repeat of 2020 or 2000. We’ve entered a phase in American democracy where the mask is coming off. It’s not workable when participants stop believing that the process is fair, as like with pro wrestling, it requires some suspension of disbelief.