Investors say Trump is better for stocks, but are split on where the market is heading, CNBC survey shows

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A new CNBC Delivering Alpha Stock Survey of 400 money managers shows they think Trump is better for stocks, but they’re split where the market is heading.

Investors think former President Donald Trump will do more for stocks than President Joe Biden.is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey.jumped 137% during Trump's administration, compared with a 34% gain for Biden three and a half years into his four-year term.

Seventy-seven percent of the survey respondents said they trusted the central bank to do right by the American economy, but 23% said they didn't trust the Fed. Two-thirds said they believe the Fed will cut interest rates before the end of this year, but 23% disagreed, saying there'll be no cut in 2024. Ten percent of respondents said they would urge the Fed to cut at the next meeting on July 30-31.

A vast majority, some 80%, said they were uncomfortable with how tech heavy the major indexes have become to the point where it makes them nervous.rise. The stock is up more than 150% in 2024, but down about 12% from its 52-week high as of Thursday's close. The drop was logged all in the last week. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyis seen as the biggest potential winner, with 50% said they believed it will maximize its return on investment better than any of the other AI players.Big cap tech is seen as the best place to invest right now by our respondents, with 45% of investors saying that's where they're putting their money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Dow gains as investors turn to banking and energy stocks; Nvidia sinksThe Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron.
Source: NBCNewYork - 🏆 270. / 63 Read more »

CNBC Daily Open: Dow gains as investors turn to banking and energy stocks; Nvidia sinksThe Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer’s guide to investing: Sometimes market moves are just ‘noise’CNBC's Jim Cramer warned investors about taking every individual stock move to heart.
Source: CNBC - 🏆 12. / 72 Read more »