Fourteen of 20 strategists surveyed by CNBC picked a Biden victory over Donald Trump. Half of the 20 strategists expect the S&P 500 to decline in the first month following election day — though not all those who foresee a stock market slide picked Biden. Five of the 20 expect a rally, four predicted a range-bound market, and one declined to answer.
CNBC offered the strategists anonymity in exchange for their views; 19 of the 20 respondents were based in the United States, with one based in the Asia-Pacific region.Some attributed a negative market reaction to Biden's proposed tax policies. Another said that the market reaction will depend on how the Senate races flesh out: "If Democrats win the Senate with Biden winning the , then a market rally will probably be harder to come by than if Biden wins and the Senate stays Republican, as he will less likely be able to pursue his tax agenda unchecked under this scenario."
Joe wants to increase tax rates by 3% on middle class Americans.
14 of 20 market strategists appear to be trapped in blue locked down states. (Just my opinion)
Zero credibility
14 of 20 market strategists surveyed expect a Biden victory in November. Here's what they think the eating contest will mean for stocks.
When wrong, lets riot.
A poll conducted by CNBC? You don’t say!!! You are all corrupt and your news are worthless. Shame on all of you for making journalism a disgraced.
If we have a fair election, that is. Trump and the Republicans are terrified of a fair election.
Repost.....is the idea if you keep reposting it becomes real
BIDEN CANT LEAD A ONE CAR FUNERAL!
People are getting very used to the idea of converting their money into something which has little or no value. How could an election change that?
LOL, and you expect people to believe that?
😂😂
It won't really matter who wins. The market is propped up now and can not be sustained.
5% and 10% drops in the s&P 500. Why would you not vote for Biden not like my retirement is dependent on anything
CNBC wants Biden that is for sure!!!
Brian Sullivan Tyler Mathewson and the pompous English Tory are Trumpistas. I can tell. The hairs on my neck tickle me. Cramer isnt( Harvard Law School) isn’t but he has to pretend he is because 90 percent of his audience are idiots and Trumpers
Not happening
We did it in 2016 & We will do it again TRUMP 2020😍❤️
The strategists have no idea how to strategize during a global pandemic. There is no experience that will help out their expertise here.
They're wrong!
Can not wait!!!
📉
This country is way to racist and gun loving for that to happen. All the same people said the same in 16. Hence the limit down night after election. No Im not a Trump supporter.
59% of Americans now list 'Violent Crime' as very important to their vote in November. Biden and Kamala have yet to denounce what is happening across our country. Your market strategist have no idea what they are talking about.
Do employment numbers factor anywhere in these analyst expectations? Or containment of coronavirus? The Fed can’t keep propping this market up forever
Hard pass for me. Won’t be getting my vote
So ignore those 14 losers
Made more money in a last administration. Less volatility helps 401ks vs more volatility helps high tech computer trading hedge funds and high frequency traders.
LOL they have no idea . 20 of 20 Gave Hillaya win also
I would not be surprised if trump and munchin have a plan to damage the markets if the election goes against them so they can point it that while they contest the results. Look for insiders strategically exiting before November.
One wonders what was left out of the story to push the anti-Trump media narrative that has been going on for 4 years.
Again with the political stance article. Try journalism
CNDC at it again...
Ooppss 😂😂
You can’t fix stupid
Wow the DNC propaganda MSM is winding up.
Quit taking street drugs & report the news
Trump has delivered on every campaign promise of 2016 what people think of him personally his relationships with women are irrelevant. Unlike previous presidents he has saved lives zero body bags for two years after changing our foreign policy
If biden Wins: Bearish America Bullish China........
Wall Street owns both political parties so the status quo will continue.
Biden will win, I predict easily
Higher taxes, and a 40% Capital Gains tax. All you need to know folks. It is not about of racism or COVID. It is Capitalism vs Socialism/Marxism.
Ahhh yes the CNBC propaganda channel. Under Biden and Obama we had the greatest expansion in US history post recession.
Fake news again. Liberal CNBC now pushing fake news.
I never it until I give it a try seeing a comment about michaeltradex22 i invested $500 and I got a cashout of $1,800 in just 7 days thank you Mr michaeltradex22
Economy & Growth will need more time to recover than November Elections ✅
Market strategists can not predict the market, so now they think they can predict the election. They are clueless!
Heard that before
Trump2020
Biden touches children weird
Republican Governors/States - Covid cases= 2,934,238 covid deaths = 66,270 covid deaths per million = 349 unemployment = 8.2% Democrat Governor/states - Covid cases = 2,766,270 Covid deaths = 110,023 Covid deaths per million = 524 Unemployment = 10.25%
Media pushing the narrative. Seems oddly familiar doesn’t it
Remember the best stock market year since the 2008 crisis was 2013 under Obama/Biden and the worst (negative) in 2018 under Trump.
The same strategist who predicted a retest of the March 2020 spx low?
20 strategists predict the U.S. presidential eating contest — and how stocks will react
Did any ONE of your 'strategists' predict 2016 correctly?