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.
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