The list of Republican names jumping off the Trump train and publicly endorsing Clinton is growing. And now, you can add one more to that: Wall Street.
Back in May, I surveyed more than 50 financial professionals across the board. And the overwhelming majority said they were secretly planning on voting for Trump come Election Day. But that was two months ago and now the tides have turned. With the last piece of convention confetti dropped and all of the red and blue balloons popped, I decided to check back in with the financial folks a few days ago. And now, Wall Street is leaning toward Hillary Clinton.
I would say roughly 60 percent of the people I spoke to in my (highly unscientific) poll said if the election were held today, they'd vote for Clinton.
Clinton is making income inequality and financial regulation part of her campaign narrative. She has vowed to re-regulate the financial industry and go after the trillion-dollar derivatives industry to protect taxpayers.
But most Wall Streeters see that as an effort to placate the Democratic base and reel in Bernie Sanders votes.
"I don't like her," Michael, a hedge-fund trader said. "But she's a known quantity and being a New York senator, she's industry friendly. And that's why I've changed my mind on voting for Trump."
"I was going to vote for Trump, but she's the safe pick." said John, a program trader. "With Trump, there's too much uncertainty. It's not good for the markets."
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