Wall Street’s collective wisdom appears to favor a potential Donald Trump victory in the upcoming election, as indicated by a pattern linking stock returns to presidential polls.
Billionaire hedge fund manager Scott Bessent highlighted the stark policy differences between Trump and Biden, with Trump’s leadership correlating with higher stock returns.
Trump’s tax and regulatory policies are viewed favorably for businesses, contrasting with Biden’s approach.
In comparison, as of February 12, 2024, 57% of Americans disapprove of the president, citing concerns about the economy and immigration.
NBC News reported that “Biden trails Trump by 20 points on the economy as his approval ratings plummet.”
The analysis suggested that Wall Street and Main Street are aligning behind Trump based on policy considerations rather than personal preferences.
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