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Who will win the 2024 US election? 79% pick Trump, 1% say Biden: investor survey

A survey conducted by Evercore ISI showed a notable shift in investor predictions for the 2024 U.S. Presidential election.

When asked "Who will win the 2024 U.S. Presidential election?", a 79% of respondents picked Donald Trump as the likely winner, while 20% opted for "other Democrat" and a mere 1% selected Joe Biden.

A survey also suggested a bullish outlook on semiconductor stocks, with 70% of investors suggesting to "buy the chip" following a recent sell-off in the market, while 30% said "sell the chip."

The investor sample's bullish stance on semiconductor stocks is contrasted with the more mixed sentiment from July 11th, when only 45% of investors were optimistic about the S&P 500 index closing higher.

The survey also indicated investor expectations for the S&P 500 index, where 76% of participants anticipate the index will finish 2024 on a higher note.

More specifically, 53% of investors project the S&P 500 to close between 5600 and 5999, while 23% foresee it reaching 6000 or more.

The median forecast stands at 5800, with an average prediction of 5727, spanning a broader range of 4100 to 6500.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.