A survey carried out by Evercore ISI exhibits a big shift in investor predictions for the 2024 U.S. presidential election.
When requested “Who will win the 2024 U.S. presidential election?” 79% of respondents chosen Donald Trump because the possible winner, 20% chosen “different Democrats” and simply 1% Select Joe Biden.
A survey additionally confirmed a promising outlook for semiconductor shares, with 70% of traders recommending “shopping for wafers” after the current market selloff, whereas 30% mentioned “promoting wafers.”
The investor pattern’s bullish stance on semiconductor shares contrasts with extra combined sentiment since July 11, when solely 45% of traders had been optimistic a couple of increased shut.
The survey additionally revealed investor expectations for the S&P 500, with 76% of members anticipating to finish 2024 increased.
Extra particularly, 53% of traders anticipate the S&P 500 to shut between 5,600 and 5,999, whereas 23% anticipate it to hit 6,000 or increased.
The median forecast is 5,800, the typical forecast is 5,727, and the broader vary is 4,100 to six,500.
