“Investors are now saying loudly and clearly: ‘We want Hillary Clinton to win, and we think she will.’”
That’s the latest from CNNMoney, which adds that nearly all the “market metrics” point to a Clinton victory.
The evidence, according to the network once derisively called Clinton News Network?
Investors are no longer buying gold as furiously as they were just weeks ago, which usually happens when they’re worried about the possibility of a Black Swan of similar outlier market event. The price has matched Donald Trump’s fall in the polls.
The biggest indication of just how much investor sentiment has shifted to Clinton comes from investor a new E*Trade survey.
Sixty percent of investors now say Clinton is the best candidate for the stock market, according to the poll of nearly 1,000 active investors. Trump only gets 40 percent.
The survey was conducted October 1 through October 10, well before the latest debate drama. A similar debate in the second quarter found only 28 percent of investors believed Clinton would be best for stocks, compared with Trump’s 25 percent, another indication of just how far his prospects have fallen.
“At this point, all the market metrics point to a Clinton win, except one,” according to CNNMoney.
Whenever Clinton has done better in the polls, the markets have generally trended up, because markets like certainty and they know what they are getting, Nuveen’s Bob Doll recently told 401(k) Specialist.
“When Donald was up in the polls, it introduced uncertainty, and they don’t know what they are getting,” Doll said. “Clearly, markets think Hillary will win. If she does win, people will wake up the next day and say hello and move on to more important things. If Trump wins, there will be a mild setback, as markets absorb what it really means going forward.”