On September 20, Bloomberg reported that the prototype of the "Big Short" Steve Eisman said he "doesn't know" who will win the US presidential election - overturning his earlier prediction that Trump would win - but he said that the market will perform well in any scenario except a Democratic landslide victory.
“I take back my prediction,” Eisman said in an interview with Bloomberg Television on Thursday, citing President Joe Biden’s decision to drop out of the election. In July, he said Trump would win whether or not that happened.
Eisman said that if the Democrats win both houses of Congress and the White House, the market will fall sharply on the expectation of higher taxes. But if Harris enters the White House and the Democrats do not win a big victory, then the market will be "fine." Eisman reiterated that his portfolio is mainly in artificial intelligence, technology stocks and infrastructure sectors.
