This will shock no one.
According to a survey of Wall Street investors, Joe Biden will be worse for the stock market than President Trump.
— Newsmax (@newsmax) December 29, 2020
Two-thirds of Wall Street investors said a Joe Biden presidency will be worse for stocks than they were under President Donald Trump, according to a CNBC survey released Monday.
Despite this, two-thirds of those surveyed said the Dow Jones Industrial Average will finish next year at 35,000, which would mean an approximately 16% gain.
Five percent said the Dow could even reach 40,000 by the end of 2021, while 10% said it will fall to 25,000, and 18% said it will drop slightly to 30,000.
This compares to the approximately 60% increase since Trump’s inauguration four years ago.
Many investors cited a reversal of Trump’s corporate tax cut, which Biden has said he would do, as a move that would take a significant chunk out of earnings.
This is the future of our country if Biden takes office.
America will become the laughingstock of the world.
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri four years ago at the age of 19. Since its founding, it has gotten over 2M pages views and over 20k followers. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.