Ken Griffin Is Once Again Top Donor To Republicans, Who Aim To Control Congress (CORRECTED)
Portfolio Pulse from Michael Juliano
Ken Griffin, founder of Citadel, has donated $35 million to Republican Super PACs CLF and SLF in the current election cycle, aiming to support problem-solving candidates. Griffin's donations have increased over past cycles, with $20 million given in Q2 alone. Citadel has 1.12% of its assets in SPDR S&P 500 ETF Trust (SPY), which rose 0.28% on Monday.
July 15, 2024 | 10:00 pm
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Ken Griffin's Citadel has 1.12% of its assets in SPDR S&P 500 ETF Trust (SPY), which rose 0.28% on Monday. Griffin's significant political donations may indicate confidence in the market, potentially influencing SPY positively.
Griffin's substantial donations to political causes suggest a strategic long-term view, which may be interpreted as confidence in the market. This could positively influence SPY in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50