Wall Street investors are confident that Hillary Clinton is going to win the presidential election in November, according to CNBC.
More than 70 percent of respondents to a recent Citigroup poll of institutional clients viewed the former secretary of state, first lady and New York senator as the likely 45th president. Just over 10 percent give Donald Trump the nod, while fellow Republican John Kasich is a few points behind. Democrat Bernie Sanders and Republican Ted Cruz barely register.
“An awful lot of investors view her as the devil they know as opposed to the devil they don’t know,” said Greg Valliere, chief global strategist at Horizon Investments and widely recognized as one of the leading experts on how what happens in Washington affects Wall Street. “It’s a true cliche: The market doesn’t like uncertainty.”