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Wall Street Expects POTUS Trump Reelection in 2020, MHVille First Looks

April 30th, 2019 Comments off

 

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While some polling suggests that if the election were held today, Biden would have a 6 to 7 point edge.

 

But according to left-of-center CNBC:

  • While Biden was viewed as the most stock market-friendly possible Democratic candidate, more than 70% expect Trump to be reelected.
  • Elections can affect financial markets; the Dow rallied 8 percent from the 2016 election to year-end as investors grew confident in tax reform and big spending.
  • A new poll of Wall Street insiders shows that a vast majority expect President Donald Trump to win reelection in 2020.
  • While Joe Biden was viewed as the most stock market-friendly possible Democratic candidate for the White House, more than 70% of survey respondents told global investment bank RBC Capital Markets that they expect Trump to be reelected.
  • 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, wrote to clients. Sixty-seven percent “of our March 2019 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.”

Biden held his first rally yesterday in Pittsburg, Pennsylvania where he drew an audience of an estimated 600 attendees.

By contrast, President Trump held a rally in Green Bay, Wisconsin on Friday, where he packed a 12,000 seat auditorium, and had more outside.

Both PA and WI were states that had been reliably ‘blue’ or Democratic leaning in presidential contests for years.  Trump flipped those and Michigan, as part of his successful bid to crack ‘the blue wall.’

Certainly, Biden is in the lead in several polls.  His campaign said they raised $6.3 million dollars on the first day, which topped Beto O’Rourke and Bernie Sanders first day campaign hauls.  While O’Rourke is fading in the eyes of some, it is still early.  Sanders leads in support for the Democratic nominee for president in some states.  But Washington whispers are that their party bosses prefer Biden to Sanders.

Some speculate neither will do sufficiently well, and that Michelle Obama will enter the race in that case.

Time will tell.

What is certain is that with the economy moving ahead, that plays in the incumbent Trump’s favor.  But much of the mainstream media tilts towards the Democrat, and some 90 plus percent of news coverage has been anti-Trump.

The Obama-Biden administration gave manufactured housing Pam Danner at HUD’s Office of Manufactured Housing Programs (OMHP), Dodd-Frank and the Consumer Financial Protection Bureau (CFPB), the so-called Affordable Care Act (a.k.a. ObamaCare), higher taxes, and more regulations.

The Trump Administration removed Danner at HUD, cut taxes, ended the individual mandate in ObamaCare, signed a roll-back of the MLO rule that muzzled manufactured home sellers with the CFPB.  There is record low unemployment.  Wages are rising. Factory-jobs that former President Obama said were never coming back have returned by the hundreds of thousands.

 

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President Trump is also the only president known to have visited a manufactured home land-lease community at any time in decades, while in office.

See more under related reports, further below.

The battle for 2020 is well underway. Think long-term, but pick your party favorites early.

That’s this morning’s first pre-dawn edition of “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)

 

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SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Related Reports:

You can click on the image/text boxes

Democrats, Republicans Agree – “Manufactured Homes Can Play a Vital Role in Easing” the Affordable Housing Shortage

 

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President Trump Spotlights Factory Home Builder in Speech, Proven Promotion, Support of Industry Advancement

 

“I knew right from the beginning.” When President Trump, First Lady Melania, VP Pence Toured Manufactured Home Community