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Billionaire Leon Cooperman, in an interview on CNBC on Monday morning, said he’s still undecided about who will earn his vote in the 2020 presidential election.
“ ‘The bottom line is we have a man with limited character who has good economic ideas, but he’s very divisive in his dialogue. ‘ ”
The Omega Advisors founder told the business -news network that he’s “not decided” on who he would vote for to run the country for the next four years but said that it’s key that America remain a “capitalist nation.”
“We have to make sure that we stay as a capitalist nation. Everybody thinks that Biden is a socialist. I don’t think so, but he’s got to speak out. He’s got to speak out loudly and clearly what he stands for,” Cooperman told CNBC.
The comments come as the Dow Jones Industrial Average DJIA, -0.74% and the S&P 500 index SPX, -0.09% are on track for their best August returns since 1984, digging from out of the depths of the coronavirus lows that were put in late March.
Wall Street has enjoyed a prosperous period under Trump but concerns about the 45th president’s handling of the pandemic and the view that he has sowed seeds of division at a time of civil unrest in the nation has fed doubt about his ability to beat former Vice President Joe Biden in the Nov. 3 election.
That said, apparent indecision by investors like Cooperman may highlight the possibility that Trump’s focus on the economy and the recent rebound in the market could make for an uncertain outcome in a presidential race that seemed to be favoring Democratic nominee Biden months ago.
Over the weekend, The Hill reported that Biden’s support stood at 50% among likely voters, compared with 44% for Trump, with another 7% undecided, compared with a 10 percentage-point spread, 52% to 42%, in favor of Biden for the week ended Aug. 23, citing a survey from Morning Consult, a private data provider.
The bump for Trump comes after last week’s Republican National Convention.
Despite the market’s recent rally, millions of Americans remain unemployed–a point that could be highlighted with coming monthly labor-market figures due this week.
