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.
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.