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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 20 min. at publisher
  • 📊 Quality Score:
  • News: 84%
  • Publisher: 72%

Breaking News: Markets News

Politics,Breaking News: Politics,NASDAQ Composite

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.

A majority don't think Nvidia is a great investment at these levels.is the clear favorite when it comes to the stock market, according to the latest results of CNBC's Delivering Alpha Stock Survey.rose 68% during Trump's four years in office versus the 44% gain so far under Biden's administration. Thejumped 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.Seventy percent of CNBC's respondents said they own the stock. Thirty-nine percent said they will continue to hold it, without buying more for now.

 

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

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »