Wealth Will Rise No Matter Who Wins the U.S. Election, Most People Think: Survey

With a little more than a week to go until the U.S. presidential election, the mood may be mixed. But here’s at least a little bit of good news, regardless of who you’re supporting.

Wealth among Americans might rise whether Donald Trump or Kamala Harris wins the election, Bloomberg reported on Monday. That’s according to the outlet’s Markets Live Pulse survey, which was carried out from October 21 to 25 among Bloomberg News terminal and online readers worldwide. The bucket of 350 respondents included economists, portfolio managers, and retail investors.

In general, survey respondents think that Trump will be better for investors with stocks, Bitcoin, or gold, Bloomberg noted. With a Trump presidency, 38 percent think that stock-market gains will accelerate, compared with just 13 percent who think the same under a Harris presidency. However, half of investors believe that the market will maintain its pace or accelerate with Harris in charge, while 59 percent believe the same with Trump at the helm.

If Trump were to win, respondents similarly think that Bitcoin would be doing better, rising to $80,000 by the end of the year, Bloomberg wrote. (It currently sits at $67,000.) If Harris were to come out victorious, they think Bitcoin would drop slightly to $65,000. It’s the same story with gold: 57 percent of survey participants think that the price of gold will rise with a Trump administration in charge. Only 45 percent think the same for a Harris administration.

With Harris leading, though, homebuyers may see a bit of a break. Respondents think that mortgage rates will fall more significantly with the Democrat in the Oval Office. Currently, the average rate for a 30-year, fixed loan is 6.54 percent, according to Freddie Mac data cited by Bloomberg. The median estimate for that same figure at the end of a Harris presidency was 5.5 percent among survey participants. At the end of a Trump presidency, it was 5.9 percent.

Of course, all of this is speculative, and analysts say elections usually have only short-term impacts on markets. “Market performance has more to do with economic fundamentals and the earnings outlook than it does with who sits in the White House,” Megan Horneman, the chief investment officer at Verdence Capital Advisors, told Bloomberg.

Still, the economy is a big reason why people vote one way or the other. And in just a few days, we should know who will be in charge of American markets in the near-term future.