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"Big bear" Eisman retracts Trump's victory prediction, says election outcome unpredictable

Steve Eisman, a senior portfolio manager at Lubomai, has now instead said he doesn't know who will win the U.S. presidential election, retracting his previous prediction that Donald Trump will win, the network reports.。Eisman said in an interview Thursday that the reason was incumbent President Joe Biden's decision to drop out: "I've retracted that prediction."。In July, Steve Eisman said Trump would win the November presidential election regardless of whether Biden withdraws.。If Democrats win the House and Senate and the White House, he said, the market will go straight down in anticipation of higher taxes。But if Harris is in the White House and the Democrats don't win big, then the market will be "fine."。He also said that if Trump wins, the stock market will rise regardless of the outcome in Congress because investors will take tax cuts for granted.。Eisman says Harris election will boost solar stocks。Eisman reiterated that his portfolio is dominated by artificial intelligence, technology stocks and infrastructure sectors.。

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