• May 30, 2024

Investment Experts Issue BIG TIME Biden Warning!

My knowledge of the stock market isn’t as good as some people might be, but I know one thing..the market reacts to even the slightest of changes.

The president of a corporation has to go under for gallbladder surgery, the stock price could go down. A hostile takeover of another company? The price could change.

This means, that if the market can rock back and forth based on something so simple as the head of a company getting a routine surgery, can you imagine the fallout from a person becoming President that attained office via a stolen election?

A new poll shows that investment professionals don’t believe the stock market will hold up well with a Joe Biden presidency.

CNBC held a survey where they asked over 100 chief investment officers and portfolio managers about their thoughts of the stock market with a Biden administration.

Two-thirds of the investment pros relayed that they believe four years of having a Biden presidency will be horrible for stocks compared to Trump’s presidency.

CNBC’s poll showed that the insiders say they believe stocks will see a far lower return in the next four years compared to the 60 percent rally they have undergone since Trump took office in January 2017.

The news network reports:

Since Trump’s inauguration in January 2017, the S&P 500 has rallied more than 60% thanks in part to the president’s landmark corporate tax cut that led to a surge in profits and a record in share buybacks. The Trump administration has also relaxed many regulations over the last four years, creating a market-friendly environment for oil and other industries.

Many investors worry that a reversal of the tax cut, which Biden has pledged, could take a big bite out of earnings at a time when market valuations are sitting at multiyear highs. Biden’s tax plan calls for raising capital gains rates for high earners.

While investors believe Biden’s policies could create headwinds for the overall market, some sectors would fare better than others. Consumer discretionary, industrials and financials will perform the best under a Biden administration, according to the survey.

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Patriots Beacon