Market getting comfortable with a Trump presidency

Donald Trump
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Wall Street seems to be growing more comfortable with the possibility of Donald Trump winning the presidential election, according to a recent poll by Strategas Research Partners.

A survey conducted by the firm among more than 650 institutional clients, shows that 50 percent of the respondents believe the billionaire businessman will secure the presidency, compared with only 22 percent back in April. Even as Trump's prospects improved in the eyes of investors, the stock market has climbed almost 2 percent in May and hovers near an all-time high.

"The most jarring change is that it appears that the possibility of Donald Trump winning the presidency is well priced into the markets today," wrote Jason Trennert, chief investment strategist at the firm in a note Tuesday. "Given the recent strength in the markets one wonders whether what seemed to be the most unlikely of all scenarios may play out in the next few months – the discounting of a Trump-inspired rally,"

Strategas gave clients a playbook on which stocks are likely to win or lose from policies Trump promotes during his presidency.

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