Coronavirus Could Cost Trump
the Election, Warns Goldman Sachs Goldman Sachs analysts released
the assessment in a report
published Wednesday night.
Goldman Sachs Report, via CNN Analysts further stated that a key predictor
of presidential winners has been economic
performance in the second quarter of an election year.
The report also stated that
investors may have cause for
concern if Bernie Sanders were to
win the Democratic nomination.
Goldman Sachs Report, via CNN The "prevailing market narrative"
on Wall Street is that Sanders would
have little chance against Donald Trump.
Generally, investors approve of
President Donald Trump's approach to the
stock market with less regulation and low taxes.
The chief economist of Moody's Analytics
now sees a 40 percent chance of a U.S. recession
due to the market's reaction to coronavirus fears.