Posted on

The money is on Trump

Even after the White House’s delayed response to the coronavirus outbreak, unprecedented job losses and a bruising recession, investors and betting markets are still putting their money on President Trump to win re-election.

The big picture: Presumptive Democratic presidential nominee Joe Biden holds a sizable lead in most national and individual swing state polls — but money managers expect Trump to retake the White House in November.

  • In a late April survey of U.S.-based investors with at least $1 million of assets, UBS found that 53% said they planned to vote for Biden.
  • But 52% think Trump will win.

The intrigue: The world’s most popular betting destinations show Trump as the clear favorite.

READ FULL STORY

Related Stories: