There is so much to think about in today’s everyday environment, from apocalyptic viruses running rampant to weather events (whether caused by humans or not) to daily reports of financial data hacking.
And that does not take into account the constant pressure to consider the impact of national and state elections in November.
It is difficult to avoid political updates without retreating from all communication devices. Given that the information is in our faces so consistently, investors do take election concerns into account when making portfolio decisions.
As expected, President Donald Trump was acquitted of his two impeachment charges by the U.S. Senate, and his reelection campaign is going stronger than ever. The possibility that he will be reelected in November is, at the very least, as strong as it has ever been.
For the 2020 calendar year, Spectrem is conducting a monthly survey of affluent and wealthy investors to measure their current level of interest and concern on the topics that most often come up in debates and political solicitations. The results from Tracking the 2020 Election are released monthly on Spectrem’s wealthy investor research dashboards, which are available through the Spectrem Wealthy Investor Series and the Wealth Spectrem package of research studies.
In January, 46 percent of those investors said reelecting Trump would be good for the economy overall, and 21 percent said the economy would not be impacted one way or the other if Trump was reelected. Thirty-one percent said there would be a negative impact from a second Trump administration.
Since the data is being collected monthly, it shows that there has been a growing belief that a second Trump term would benefit the economy, with the percentage marching upward from 43 percent in November to 46 percent in January.
Without political decisions taken into consideration, 30 percent of all investors believe the economy will continue to improve over the next 12 months, while 28 percent see a decrease in economic performance in that time frame.
The Spectrem election dashboards include voter preferences in the Presidential election as well as indications how voters who lean Democratic will respond if their preferred candidate is not the Democratic candidate chosen later in the year.
©2020 Spectrem Group
Keywords: economy, Trump, investors, advisors, Spectrem, election, politics