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Gamblers give Donald Trump a loss. In betting exchanges, the outcome of the presidential election is now estimated with a probability of almost 70 to 30, in favor of Joe Biden.
Not only fans of gambling portals trust Democrats. A Biden win also comes at an ever-increasing price where the money moves: on Wall Street. Investment bank analysts circulate reports and models to prepare their clients for the economic and market consequences of a change of power in the White House. The tenor: don’t be afraid!
Traditionally, the prospect of a left-wing majority government is likely to cause fear and horror on the financial mile. Because the Democrats’ projects (redistribution, tax increases, regulation) are bad for the price / earnings ratio. And so, despite his erratic style of government, Trump has long been the preferred candidate for investors. After all, he achieved nearly $ 2 trillion tax cuts in his first year, and his ministers are systematically scrapping burdensome guidelines to protect the environment and employees. True, Trump’s trade wars against China and the rest of the world and his foreclosure policy have also upset many company bosses. Still, Republicans are good for the economy, Democrats a risk.
