by Christopher Paslay
Fake news stories and threats of impeachment have had minimal impact on President Trump’s chances of re-election in 2020.
As the old saying goes, money talks, and B.S. walks. And despite the bovine excrement pouring out of Nancy Pelosi, Adam Schiff, and all the pundits, politicians, and swamp creatures who have done their damndest to lie, spy, twist, and sling mud at President Trump in order to destroy his chances at re-election, Vegas odds-makers and Wall Street power brokers know the truth: Trump is still the prohibitive favorite to win in 2020.
According to the website “The Lines” which tracks the American sports betting industry:
Donald Trump opened at even odds of +100, or even money. This means you would need to wager $100 to win $100 (and $10 to win $10). Since the Democratic debates have begun, Trump’s odds have improved as high as -120. This means you would need to wager $120 to win $100.
As of September 25th, with the launch of Pelosi’s impeachment inquiry and all the negative news coverage surrounding Trump’s Ukraine phone call, betting odds have barely moved. The popular Bet365 and Betway both have Donald Trump at +110 to win re-election, and Odds Shark lists Trump at +120. In contrast, major sports betting sites list Elizabeth Warren between +275 and +300, and Joe Biden between +550 and +650.
Not that odds-makers are perfect. In 2016, Trump was listed by most betting sites at 500/1. According to “The Lines”:
When Donald Trump declared for President, he was priced at 500/1, or +50000 on betting sites. This means that the implied odds gave Trump a 0.2% chance of winning the presidency.
So, if you saw Donald Trump listed as 500/1, a moneyline wager of $1 winning would return $500. If you see it priced at +50000, then a $100 bet would return $50,000 profit.
For the 2020 Presidential election, Donald Trump is the “odds-on” favorite on some sports betting sites, where he’s priced at 1/1 or +100.
Financial investors are confident in Trump as well. In March, a poll of Wall Street insiders showed that over 70 percent expect him to win re-election in 2020. As stated by CNBC:
“Most expect Trump to win in 2020, but there’s still some nervousness around the event,” Lori Calvasina, RBC’s head of U.S. equity strategy, wrote to clients. Sixty-seven percent “of our March 2019 survey respondents believe that Joe Biden is seen as the most acceptable Democratic candidate by the stock market for the White House. No other candidate got a significant number of votes.” . . .
Presidential elections can have important implications for financial markets based on what traders believe the elected candidate will prioritize while in office. The Dow Jones Industrial Average rallied more than 450 points in the two days following Trump’s election in 2016 and jumped nearly 8 percent into year-end as investors grew confident in future corporate tax reform and big spending.
Currently, even after the launch of the impeachment inquiry by Democrats and the horrendously biased coverage by the mainstream press, Wall Street still believes Trump is safe. As reported by CNBC on September 25th:
Investors shouldn’t worry about what a formal impeachment inquiry into President Donald Trump could mean for his current term or even his reelection chances, Wall Street investment banks advised clients.
But what they really should be worried about, Washington policy analysts said, is what the impeachment inquiry means for a potential trade deal with China and an already agreed-upon deal with Canada and Mexico. Investors also can forget about any new legislation like a drug prescription policy, they said.
Although Democrats are willing to both cripple Americans financially and hinder their health insurance as a means of hurting Trump, it appears this strategy isn’t working. In fact, it may be having the opposite effect: Trump’s re-election is now more important than ever, especially if Americans want to steady the economy, keep and reform private health insurance, and engage in fair trade with China and North America.
But money does have a way of talking. And right now, most of the cash is coming in on Trump.