An E-Trade survey of “experienced investors” think that President Donald Trump winning next month’s presidential election over Joe Biden would be better for the markets — but barely.
The results show an almost even divide with 50% investors thinking a Trump victory is better for markets compared to 44%, while 6% said neither.
It’s true that if Democrats sweep into power early next year, it would likely translate to higher taxes and regulation. Such a reversal from the Trump agenda could eat into corporate profits and the earnings for affluent families.
But Biden is also promising a bonanza of government spending that, coupled with extremely low interest rates, would likely speed up the economy.