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Really bad news for Democrats
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.
According to CNBC:
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.