okfine
Diamond Member
2020 the year of change. Why would Wall Street go with Biden now?
What do they know? Could it be how Trump's opposition leads him in swing state polling?
Sure looks and sounds like a casino bet to me, especially when the numbers favor Biden.
"Trump’s poor performance in recent polls is being felt on Wall Street: according to Axios reporter Dino Rabouin, Wall Street is now betting on a Biden victory — a change from earlier this year."
"Rabouin reports: “Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially, a Democratic sweep of the Senate and House too…. The shift is the latest indicator of how quickly the political and business worlds have aligned in the view that Trump is unlikely to win a second term as COVID-19 infection numbers have spiked again and the economy looks to be stalling.”
On May 11, Rabouin reported that Wall Street was expecting Trump to win a second term. But more recently, according to Rabouin: “A Citigroup poll of 140 fund managers released last week found that 62% expect a Biden win, compared to 70% who expected a Trump victory in the same survey in December. And according to Kace Capital Advisors Managing Director Kenny Polcari, ‘Talk of a Democratic sweep (is) now common’ among investors.”
What do they know? Could it be how Trump's opposition leads him in swing state polling?
Sure looks and sounds like a casino bet to me, especially when the numbers favor Biden.
"Trump’s poor performance in recent polls is being felt on Wall Street: according to Axios reporter Dino Rabouin, Wall Street is now betting on a Biden victory — a change from earlier this year."
"Rabouin reports: “Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially, a Democratic sweep of the Senate and House too…. The shift is the latest indicator of how quickly the political and business worlds have aligned in the view that Trump is unlikely to win a second term as COVID-19 infection numbers have spiked again and the economy looks to be stalling.”
'A Democratic tsunami': Top election forecaster changes 2020 prediction
President Donald Trump and his supporters are hoping that if his hardcore MAGA base shows up in big numbers in November and Democratic turnout is weak, he will be able to pull off another Electoral College victory. In order for that to happen, Trump will need to fire up his base as much as...
www.rawstory.com