Duquesne Family Office CEO Stanley Druckenmiller is like many business executives in that he believes that former President Donald Trump is the favorite to regain the presidency, and he believes that there are market indicators that show it.

“The industries that would be deregulated if we have deregulation and would benefit if we have Trump are outperforming the others,” he said on Wednesday in an interview with Bloomberg. “You can see it in the bank stocks, you can see it in crypto, you can even see it in DJT — his social media company.”

“It’s an evolving situation, if you had asked me twelve days ago I would have said I don’t have a clue. I still don’t have a conviction on who is going to win the election, but I like market indicators for the economy and for market restrictiveness. I also like them for elections, I remember how right the market was on Reagan in 1980, despite what the pundits were saying,” the CEO said during his interview, before saying that he believes “the market is very convinced” that the former president will be president again.

“I must say, in the last twelve days, the market and the inside of the market is very convinced Trump is going to win. You can see it in the bank stocks, you can see it in crypto, you can even see it in DJT — his social media company,” the CEO said.

“Throughout the whole — I would say, the industries that would be deregulated if we have deregulation and would benefit if we have Trump are outperforming the others. So, if you put a gun to my head — thank God there is not one to my head, so this really doesn’t matter — I would have to guess Trump is the favorite to win the election,” he said.