Politics

JP Morgan Strategist Predicts Trump’s Victory

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President Trump is growing more likely to win a second term in November, according to a JPMorgan market guru who says investors should plan accordingly.

Violent protests against police brutality and skewed political polls have helped increase the betting odds of Trump beating Democratic nominee Joe Biden in November, according to Marko Kolanovic, JPMorgan’s global head of macro quantitative and derivatives research.

“Certainly a lot can happen in the next ~60 days to change the odds, but we currently believe that momentum in favor of Trump will continue, while most investors are still positioned for a Biden win,” Kolanovic wrote in a Monday research note.

Trump has been trailing Biden in many public polls, including a Suffolk University survey released Wednesday that showed the president seven points behind.

But Kolanovic says the polls could be inflating Biden’s advantage by 5 to 6 percent because “the liberal trend of ‘cancel culture’” has made some Trump supporters less likel… (Read more)

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