sees President Trump's odds of reelection gaining momentum and advised clients on Monday to position accordingly.
The"liberal trend of 'cancel culture'" is likely behind a larger share of Trump voters saying they lie in polls, Kolanovic added.Visit the Business Insider homepage for more storiesWith 63 days left until the US presidential election, JPMorgan is advising clients to prepare for a closer race than some expect.
Trump's slump and subsequent resurgence is tied to recent protests and a widespread bias in polls, Marko Kolanovic, head of macro quantitative and derivatives research at JPMorgan, said in a Monday note.tracking peaceful and violent demonstrations' effects on elections from 1960 to 1972 show peaceful, pro-Democrat demonstrations aiding Democrats by 2% to 3%, the bank cited. Yet violent pro-Democrat protests aided Republicans by 2% to 8%.
"The impact of protest violence on the 2020 elections may be even larger," the strategist wrote, citing"the broad online availability of violent footage , but also the ability to influence social media to amplify this message."US Investing Championship hopeful Matthew Caruso landed a 382% return in the first half of 2020. He shares the unique twist he's putting on a classic trading strategy — and 3 stocks he's holding right now.
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