Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Betting markets see trump winning [View all]
https://www.axios.com/2020-investors-predict-trump-victory-2158c84e-9179-4c17-ad34-f91ffcb508b5.htmlWant a depressing read?
Want to bet against trump and make some money?
The money is on Trump
Even after the White House's delayed response to the coronavirus outbreak, unprecedented job losses and a bruising recession, investors and betting markets are still putting their money on President Trump to win re-election.
The big picture: Presumptive Democratic presidential nominee Joe Biden holds a sizable lead in most national and individual swing state polls — but money managers expect Trump to retake the White House in November.
In a late April survey of U.S.-based investors with at least $1 million of assets, UBS found that 53% said they planned to vote for Biden.
But 52% think Trump will win.
The intrigue: The world's most popular betting destinations show Trump as the clear favorite.
The RealClearPolitics average of betting websites gives the advantage to Trump with an average spread of 8.2 as of Sunday night.
Casino sportsbooks are paying around $83 for winning bets on Trump versus $135 for winning bets on Biden, making Biden the unequivocal underdog, Bovada shows.
What we're hearing: The expectation for Trump to triumph seems to largely reflect optimism about the economy once various state and local lockdown orders end, economists say.
"We can’t expect that the economy is going to be in very good shape, although the trajectory ought to be pretty positive by November," Steve Skancke, a former Treasury Department and Council on Economic Affairs official in the Carter and Reagan administrations, tells Axios.
As November approaches, it's "more than likely we’re going to see a positive stock market and there will be positive job growth," says Skancke, now chief economic advisor at wealth manager Keel Point.
Between the lines: "The wildcard obviously is the virus and the [potential] vaccine," Mark Zandi, chief economist at Moody's Investor Service, tells Axios.
The big picture: Presumptive Democratic presidential nominee Joe Biden holds a sizable lead in most national and individual swing state polls — but money managers expect Trump to retake the White House in November.
In a late April survey of U.S.-based investors with at least $1 million of assets, UBS found that 53% said they planned to vote for Biden.
But 52% think Trump will win.
The intrigue: The world's most popular betting destinations show Trump as the clear favorite.
The RealClearPolitics average of betting websites gives the advantage to Trump with an average spread of 8.2 as of Sunday night.
Casino sportsbooks are paying around $83 for winning bets on Trump versus $135 for winning bets on Biden, making Biden the unequivocal underdog, Bovada shows.
What we're hearing: The expectation for Trump to triumph seems to largely reflect optimism about the economy once various state and local lockdown orders end, economists say.
"We can’t expect that the economy is going to be in very good shape, although the trajectory ought to be pretty positive by November," Steve Skancke, a former Treasury Department and Council on Economic Affairs official in the Carter and Reagan administrations, tells Axios.
As November approaches, it's "more than likely we’re going to see a positive stock market and there will be positive job growth," says Skancke, now chief economic advisor at wealth manager Keel Point.
Between the lines: "The wildcard obviously is the virus and the [potential] vaccine," Mark Zandi, chief economist at Moody's Investor Service, tells Axios.
more at the link...........
https://www.axios.com/2020-investors-predict-trump-victory-2158c84e-9179-4c17-ad34-f91ffcb508b5.html
27 replies
= new reply since forum marked as read
= new reply since forum marked as read