President Trump is planning to win the 2020 election and secure himself a second term in the White House.
And his campaign just got great news.
You won’t believe what Wall Street thinks about Trump’s re-election chances.
President Trump is a shoo-in for re-election if you ask Wall Street.
Those with serious amounts of money on the line seem to be placing their bets on the President holding off a challenge from the increasingly out of touch and left-wing Democratic party in next year’s presidential election.
And the numbers are staggering.
CNBC reports, “A new poll of Wall Street insiders shows that a vast majority expect President Trump to win reelection in 2020.”
While Joe Biden is considered the most likely Democratic candidate in the eyes of the poll results, more than 70% of those who were polled believed that Trump would defeat whoever the Democratic nominee will be next year.
That’s a remarkable statistic.
Wall Street isn’t exactly a huge fan of President Trump either.
Yet the smart money seems to be on him securing himself a second four-year term.
“Most expect Trump to win in 2020, but there’s still some nervousness around the event,” Lori Calvasina, RBC’s head of U.S. equity strategy, wrote to clients. Sixty-seven percent “of our March 2019 survey respondents believe that Joe Biden is seen as the most acceptable Democratic candidate by the stock market for the White House. No other candidate got a significant number of votes.”
Wall Street also seems to be scared of the radical socialist ideas coming from many of the Democratic challengers too.
“Calvasina added that 40% of investors have already made changes to their portfolio in anticipation of the election or indicated that they plan to do so. Further, the stock strategist said that if Biden does not declare, or the polling data suggests that he won’t win the Democratic nomination, it could weigh on the market because of the anti-business policies of the other contenders,” adds CNBC.
If a more left-wing Democrat like Bernie Sanders, who openly calls himself a socialist, wins the Democratic nomination and somehow manages to defeat President Trump, it could result in a complete crash of the stock market.
Fears like that could dampen Democratic support among Wall Street investors, which could, in turn, make it harder for them to raise and spend the amount of money needed to compete with Trump’s vast resources.
The President has been campaigning for his second term since the day he took office in January 2017, and it’s clear he has a serious leg up on his challengers.
It’s only a matter of time until the first Democratic debates and primaries starts to whittle down the field and give Americans a clear picture as to who Trump will be facing next year.
And that development could play a huge role in Trump’s chances for a second term.
Do you think President Trump will win re-election?
Let us know your thoughts in the comments section below.