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Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November

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PurpleSkyz

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Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Biden%2Bkisses%2BTrump


MASONIC VISIONS: Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November

The Smoking Man

Source – zerohedge.com
“…In the following Election Review from Camelot Portfolios, we look at what some of the polling firms that called 2016 correctly are seeing today. “Shocking”, their polling suggests that President Trump will be re-elected, either narrowly or by a large margin. Therefore, as Camelot notes, “capital allocators today cannot easily assume next month’s results.”
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November
With Election Day less than a month away, we look at which party will likely control the White House, Senate and House in 2020… and what to watch for on Election Night.
Currently, the major polls give former Vice President Biden more than a 9-point lead nationally against President Trump – according to RealClearPolitics National Average.
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Polling%20RCP
And the Predictit markets imply a 67% probability of Biden winning on November 3rd. Additionally, those markets suggest that Democrats will win both the Senate and House (66% and 88% probabilities, respectively). Quite simply, it appears that a Blue Wave is fast approaching, something which the market has not only priced in, but has successfully digested as a favorable narrative for risk assets.
It would be easy to simply close the books and call the November contest over. But, of course, the major polls were all wrong in 2016; notably about the presidential race.
In the following Election Review from Camelot Portfolios, we look at what some of the polling firms that called 2016 correctly are seeing today. “Shocking”, their polling suggests that President Trump will be re-elected, either narrowly or by a large margin. Therefore, as Camelot notes, “capital allocators today cannot easily assume next month’s results.”
It’s very possible that Trump will win Florida, North Carolina and Arizona. If so, a win in Pennsylvania or Michigan will likely put him over the top in the electoral college. And speaking of “shocking”, Camelot notes that as far as the Senate and House are concerned, it also appears that Republicans will keep control of the Senate, especially if Trump has a strong night. On the other hand, the House is highly likely to remain in Democratic control.
First, a few quick notes, on what happened over the past four years, and a look at the “Market Narrative” of Trump’s presidency prior to Covid-19:
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November SPX%20narrative

  • In 2017, the S&P 500 rallied in a relatively consistent fashion; due primarily, in our view, to the tailwinds of major deregulation and tax cuts.
  • Contrary to warnings that a Trump presidency would lead to a market crash, most notably by Paul Krugman, the S&P has returned 57.7% since President Trump’s election in 2016 (November 7, 2016 through October 6, 2020) – not including dividends.

Fast forward to today, when according to online betting site PredictIt.org, the probability of Democrats winning White House 63%, win Senate 66%, win House 88% (here, a question should be asked: since the contracts are relatively illiquid, is there one or more major players who have “cornered” the PredictIt market and are swaying public opinion with relatively low sums of cash).
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Implied%20odds
Next, we look at the Electoral College Map after the 2016 election:
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Election%202016_0

  • In 2016, Secretary of State Clinton received 65,853514 votes, or 48.2% of the popular vote. Donald Trump received 62,984,828 votes, or 46.1%. (source: Federal Election Commission)
  • In terms of the electoral college, however, Trump handily beat Clinton with 306 votes versus 232 for Clinton. (source: Business Insider)
  • Trump won the key swing states in the Rust Belt: PA, OH, MI and WI.
  • And, Trump won the key swing states of FL, NC and  AZ.

This outcome was not predicted by virtually any pollster in 2016, when most of the major polls were wrong, but not all:
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Polls
Among these major polls, Clinton led Trump by 3.2% during the week prior to Election Day. More accurate pollsters incorporated likely voters and attempted to adjust for ‘shy voters’.
Trafalgar Group was named best polling firm of 2016 presidential race. It was one of few pollsters to predict Trump would win PA and MI (sources: Trafalgar Group and RealClearPolitics) and also Trump’s victory. This is what Politico wrote in its post-election mea culpa about the Trafalgar Group:
The signs of a polling disaster were all there, but almost no one besides Donald Trump was paying attention.
There were surveys showing Trump winning, but they were ignored by most news outlets, dismissed as partisan polls conducted using automated phone technology that eschews calling cell-phone users.
the state polling this year was sparse, especially in the closing days. Of the 11 states POLITICO identified as Electoral College battlegrounds earlier this year, four of them didn’t see a nonpartisan, public, live-interview poll for the final week of the campaign: Colorado, Nevada, Ohio and Wisconsin. Taken together, it was a recipe for an epic polling failure.
* * *
Few, it seems, paid attention to the surveys from the Trafalgar Group – a Georgia-based consulting firm that, on its website, celebrates the time RealClearPolitics picked up one of its Florida primary polls – showing Trump ahead. The group’s Pennsylvania poll was the only one of dozens since late July to show the GOP nominee in the lead there – but it was also the only poll conducted into this past weekend, as voters made their final choices.
The Trafalgar Group was somewhat prolific on Monday, the day before the election, releasing surveys in Florida (Trump ahead by 4 points), Michigan (Trump ahead by 2 points) and Georgia (Trump ahead by 7 points).
At a time when the polling industry was crushed by its collectively incompetence, the praise for Trafalgar continued:
For those of you who forgot how successful @trafalgar_group was in 2018. We thought today would be a good day to remind you of what top polling critic @JesseBWatters said about us. Jesse sees right through the agenda driven media poll machine propaganda and gets to truth. https://t.co/6dZihbrFdC— Robert C. Cahaly (@RobertCahaly) September 17, 2020
The secret to Trafalgar’s success is that it best adjusted its polling to include ‘shy Trump voters’ and the votes missed in other polls. Democracy Institute also correctly predicted Trump’s victory in 2016, as well as Brexit.
Which brings us to today, and what Camelot Portfolios sees as the likely firewall states for Trump and Biden:
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Firewall%20states
Which brings us to the punchline, and what Trafalgar sees as the outcome on Nov 3. In a nutshell, based on Trafalgar swing state polls, Trumps wins with 275 electoral votes:
Poll Which Correctly Called 2016 Election Sees Another “Shocking” Outcome In November Trafalgar%20swing%20polls

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What about the the “winner” in the 2016 polling fiasco, the Democracy Institute, and its Latest Poll for September:

  • Only asks likely voters, and asks about so-called ‘shy votes’.
  • Trump leads Biden 46%-45%, nationally.
  • Trump leads in swing states (FL, IA, MI, MN, PA, WI) 47% to 43%.
  • Trump’s swing state leads would give him 320 electoral votes, and Biden 218.
  • 77% of Trump voters would not admit to friends and family.
  • Amy Coney Barrett nomination has little impact on approximately 8 in 10 voters.
  • Law and order is top issue (32%). Economy is second (30%).
  • Voters trust Trump more on economy than Biden: 60% to 40%, respectively

But wait, there’s more shocks, because according to Camelot, Republicans are also likely to retain their control of the Senate.

  • Current Senate makeup is 53 Republicans and 47 Democrats and Independents.
  • 35 Senate seats up for grabs.
  • 23 seats are held by Republicans; 12 held by Democrats.
  • Republicans at disadvantage; need to protect more seats.
  • Most vulnerable incumbents are in: Alabama (Jones-D), Colorado (Gardner-R), Maine (Collins-R), Michigan (Peters-D).
  • Assuming Trump polling in these four states will determine the Senate race: Republicans likely to pick up AL, Democrats likely to pick up CO and Maine – for net gain of one seat in Senate.
  • Outlier Scenarios: Trafalgar polling shows Republican in Michigan (John James) with slight lead; and Democrat in North Carolina with slight lead.
  • Likely November: Republicans keep Senate control with 52 seats.

Finally, in what may be the worst possible news for markets which are now convinced a blue sweep is inevitable, Camelot says that Democrats will continue their dominance in the House, where they have a clear advantage:

  • 2016: RealClearPolitics Average had Democrats +0.6 near Election Day -> Final was Republicans +1.1 -> GOP lost 6 seats; maintained majority 241-194
  • 2018: RealClearPolitics Average had Democrats +7.3 near Election Day -> Final was Democrats +8.4 -> Democrats gained 41 seats; retook majority 235-199
  • 2020: RealClearPolitics Average has Democrats +6.0 during the last week.

Readers curious for more can register for the next Camelot call, which will take place next Tuesday, Oct 13 at the following link.
https://www.zerohedge.com/political/poll-which-correctly-called-2016-election-sees-another-shocking-outcome-november

https://rielpolitik.com/2020/10/10/masonc-visions-poll-which-correctly-called-2016-election-sees-another-shocking-outcome-in-november/

Thanks to: https://rielpolitik.com

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