Donald Trump is now a household name in every corner of the country. Where before he was certainly recognized in the majority of homes, the constant barrage of media coverage and his rambunctious run for the 2016 Republican presidential nomination has taken care of covering the rest of the nation. Love him or hate him, he’s captured the public’s attention; as evidenced by a recent Google Trends map of search volume.
MarketWatch Declares Trump Victory Will Send S&P500 Down by 50%
MarketWatch’s Social Media-Editor, Shawn Langlois, decided to cash-in on the Trump fever by proclaiming that a Trump victory would be a market disaster. In an article headlined: “S&P 500 will dive 50% if Trump elected president, says Wedbush trader”, Langlois takes a shot across the bow of a social media juggernaut turned Presidential contender. Granted, Trump is being hit from so many places (CNN, RealClearPolitics, Politico, New York Times, Megyn Kelly, Mitt Romney and a whole lot more) that it’s unlikely the campaign will lash back and give his organization the kind of publicity he could only dream of, but it’s still an interesting risk to take.
What’s especially brazen about the piece is the overall tone it takes, offering almost zero counterbalance to the claims of Ian Winer, head of equity trading at Wedbush Securities. Winer sat down for an interview with Business News Network and lambasted Trump’s 3rd-grade math skills when discussing economic policy. The associated articles at the bottom of the article have headlines like “Donald Trump’s rise has one key U.S. ally very worried” and “Trump as president? It’s a top 10 global risk, The Economist warns.” Again, there’s not much balance here and the overall opinion of MarketWatch could be interpreted by the casual observer as anti-Trump.
Kevin O’Leary Believes an Inevitable Trump Presidency Will Help Markets
To give this article a more balanced tone, without endorsing either side of the political spectrum, I thought I would draw your attention to Kevin O’Leary, manager of the O’Leary fund and Shark Tank superstar. Late last month Mr. O’Leary appeared on CNBC’s “Fast Money: Halftime Report” was asked his opinion on Trump’s chances for securing the nomination and how that would impact the stock market. His response: “…Trump is going to ride his way to the White House on a populist wave of anger at our government…” The follow-up question was: “And what will the market do if that happens?” His answer: “Go straight up.”
It doesn’t get much more direct than that. The man known as the harshest critic of every startup pitch on Shark Tank offered his customary, straight-to-the-point analysis. Agree or disagree, Kevin made absolutely clear that he was not endorsing a candidate, but instead simply offering his advice on the current political situation.
No matter what side of the political spectrum you find yourself on, there are facts to back up both sides, and they’ve become fodder for campaign ads and stump speeches. Secretary Clinton likes to quote two Princeton economists who completed a report showing relatively better
economic prosperity under Democratic presidents. However, right-leaning pundits have argued that the study doesn’t equate the results to one political party or the other. She’s also continuing to suffer reputational harm from the drama surrounding the [URL=http://www.itransition.com/software_security_consulting/]lack of software security[/URL] implemented on her private server used for classified documents and files during her tenure as Secretary of State. Trump has also been attacked, specifically on the actual value of his real-estate empire and his reluctance to release tax returns. There are plenty of shots yet to be fired in this election, and how it turns out will be anyone’s guess, but we know one thing for sure: it will be an entertaining ride.