As President-elect Donald Trump prepares for his second inauguration in January, a majority of investors are optimistic on his impact on the U.S. economy, according to the latest CNBC Delivering Alpha Stock Survey.
In all, 71% participants in the survey think Trump “will be great for the economy and markets,” while 29% disagreed with that sentiment, the survey found. Respondents were also optimistic on his policies and the development of artificial intelligence, with 57% saying they trust how Trump and his appointees will handle this technology.
Tariffs emerged as a key theme for the incoming administration. Participants in CNBC’s Delivering Alpha Stock Survey were split 50-50 on whether the duties will help or hinder the U.S. economy, American workers and consumers.
Indeed, during his campaign, Trump called for tariffs exceeding 60% on China goods. Last month, he also vowed to impose an additional 10% duty on Chinese goods, as well as 25% tariffs on Canada and Mexico.
Trump has already been active in selecting people to serve in key posts throughout the government. He has also closely aligned himself with Elon Musk, CEO of Tesla and SpaceX. When asked whether Musk is a “good influence,” 36% of respondents said, “for sure.” An equal amount said they were “not so sure,” while 28% said, “no way.”
CNBC’s Delivering Alpha Stock Survey, which is issued quarterly, last week polled about 40 chief investment officers, equity strategists, portfolio managers and other money managers.
Source: https://www.cnbc.com/2024/12/26/most-investors-think-trump-will-boost-the-markets-cnbc-survey-found.html