Forbes- 65% Of Investors Say Trump Better For Stock Market. Only 16% Say Biden
Of the 1,164 investors surveyed by
Investing.com, 53% said that if the stock market still looks good by Election
Day next month, incumbent Donald Trump will end up winning. And most of them
think the market will be better off with Trump than Biden, though there are
some major caveats worth pointing out before you think a Biden win is a short
head to the polls in three weeks. An increased number of mail-in ballots
suggest that an outcome may not be known on election night. The last time that
happened was in November 2000 in George W. Bush versus Al Gore.
the Investing.com survey, a whopping 90% said that Trump’s
catching Covid-19 did not make them nervous enough to change their investing
“The initial downward move was nothing more
than a knee-jerk reaction to the dramatic headlines,” says Jesse Cohen, senior
analyst at Investing.com. “As the hours and days progressed it became clear
that President Trump was not in a life-threatening situation, easing worries
over a sudden deterioration in his health.”
said they have no plans to make any changes to their investments ahead of the
presidential election. And 86% think there will be a “moderate impact” or a
“significant impact” to financial markets once we know who the winner is.
beyond the election result, Wall Street’s main concern is whether the winner
will introduce a fresh round of stimulus. “These are far more important factors
likely to influence the market in the coming weeks,” Cohen says.
every national poll of eligible voters has Trump losing his re-election bid.
naturally have investors pondering a Democratic Party sweep, and thinking
have reevaluated the likelihood and timing of more fiscal stimulus versus
higher taxes,” says Jason Draho, head of asset allocation at UBS Global Wealth
words, if Biden does raise taxes on the wealthy (he says he will raise personal
income taxes of those earning over $400,000 a year) and reverses the corporate
tax cuts, big Wall Street banks may be fine with it so long as it comes with
massive stimulus, especially bailout funding for New York and California.