If the heartbeat of Wall Street is any indication for future events, then President Donald Trump will comfortably win re-election next November.
According to a new survey from global investment bank RBC Capital Market, more than 70 percent of Wall Street believes Trump will be president for another four years, CNBC reported.
What are the details?
According to CNBC:
- The survey polled 141 "equity-focused institutional investors"
- The survey was conducted after special counsel Robert Mueller announced the conclusion of his investigation
- Former Vice President Joe Biden is seen as the "most stock market-friendly" potential Democratic presidential candidate
- Sen. Elizabeth Warren (D-Mass.) is the " least acceptable Democratic candidate for the stock market"
- Trump could shore up additional support on Wall Street if Biden does not enter the race because most other Democratic candidates are seen as "anti-business"
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, said, according to CNBC, adding that 67 percent of 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," she said.
The news comes as the economy continues to operate from a powerful position. March's jobs report, which released Friday, showed the economy added 196,000 jobs in March, better than experts had predicted. The unemployment rate held steady at just 3.8 percent.