Overview

• Nikki Haley, former U.S. Ambassador to the United Nations, is gaining momentum in the 2024 Republican primary race, with recent polls showing her surging in both Iowa and New Hampshire.
• Haley's campaign has been courting Wall Street donors, with several high-profile figures expressing their support and considering backing her candidacy.
• Despite former President Trump's continued dominance in the GOP, Haley's rise gives hope to Republicans seeking an alternative candidate.
• Haley's strategy relies on consolidating the anti-Trump vote within the GOP and performing well in Iowa and New Hampshire, where Trump's lead is relatively weaker.
• However, Haley's momentum may not carry into South Carolina and Nevada, where the electorate is more akin to Trump's committed base.