"The Big Short" Eisman Recants Trump Win Prediction, Says Election Outcome Uncertain

Article is form Jinse
September 19, 2024
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Gold Finance reported that Steve Eisman, senior portfolio manager at Neuberger Berman, now says he doesn't know who will win the US presidential election, retracting his previous prediction that Donald Trump would win. Eisman said in an interview Thursday that the reason was President Joe Biden's decision to step down: "I have withdrawn that prediction."

In July this year, Steve Eisman had said that Trump would win the November presidential election regardless of whether Biden dropped out of the race. He said that if the Democrats won the House and Senate and the White House, the market would plunge in anticipation of rising taxes. But if Harris took over the White House and the Democrats didn't win big, then the market would be "fine." He also said that if Trump won, the stock market would rise regardless of the Congressional outcome, as investors would take tax cuts for granted.

Eisman said that Harris' election would boost solar stocks. Eisman reiterated that his portfolio is mainly composed of artificial intelligence, technology stocks and infrastructure sectors.

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