A poll conducted Oct. 5 and 6 among 1,164 U.S.-based investors found that seven in 10 expressed indifference to President Donald Trump’s coronavirus diagnosis from a market standpoint, the financial markets platform Investing.com reported Friday.
One in five investors said they were more bullish, with the president said to be in recovery from the virus.
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Respondents’ big concern was the post-election period. Sixty percent said they planned no changes to their investments before Nov. 3, while 86% expected the election results to have a moderate or significant effect on financial markets.
“The initial downward move was nothing more than a knee-jerk reaction to the dramatic headlines,” Jesse Cohen, senior analyst at Investing.com, said in a statement.
“As the hours and days progressed, it became clear that President Trump was not in a life-threatening situation, easing worries over a sudden deterioration in his health.”
Far more important factors that are likely to influence the market in the weeks ahead are the election result and whether the winner will introduce a fresh round of stimulus, Cohen said.