Investors are warming to a 'blue wave' that could keep driving a stimulus-hungry market higher

U.S. Democratic presidential candidate Joe Biden speaks during a campaign event at United Association Plumbers Local 27 in Erie, PA, October 10, 2020.With just weeks to go until the election, the stock market appears to be switching horses.

That's not to say that Wall Street no longer perceives President Donald Trump as better for the economy, the market and taxes. But there's been a clear warming to the idea that former Vice President Joe Biden is getting far enough ahead of Trump in the polls that the threat of a contested election has been reduced, and Biden's policies could, in fact, be stimulative.

"The market is pricing in a Democratic wave. It's not scared," said Quincy Krosby, chief market strategist at Prudential Financial. "The market is accepting this in lieu of a contested election...The market, I think is beginning to understand a blue wave doesn't necessarily mean an ultra progressive agenda."

Pro No way...

Pro You and .bloomberg need to talk to each other; you have completely contradictory stories

Pro Wait, what? NBCNews is so off they should start every news program and tweet with an apology.

Pro Your lies are out of this world.

Pro Right, a little stimulus does not offset the crushing blow to the economy that the New Green Deal, Medicare for all and rolled back tax cuts plus additional taxes will cause!!!

Pro Uhhh... No they are not.

Pro CNBC doesn't realize the Communist will come after them first.

Pro Democrats... Watch what you are voting fo.

Pro Anyone actually told ole corn pop that he's running for president?

Pro If Biden cannot win with 7 TV networks constantly posting positive FAKE NEWS about him and constantly attacking Trump, then God only can save the Dems.

Pro Same blue wave you experts predicted in 2016?😂😂

Pro Plenty of “stimulus” the coming Socialism!

Pro Blue wave meaning all of the democrats waiving goodbye as they leave the house🤣🤣🤣🤣

Pro Just keep the blood sucking democrat socialists away from my damn money! Thieves

Pro No, they're not

Pro No they aren't 😂 and who thought of putting this in mainstream media as if investors take MSM seriously?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks creep higher on U.S. stimulus hopes, yuan sinksAsian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. What stimulus? Isn’t a stimulus a sign of a failing economy? How is this bullish? Meaning that stocks are hinged on the american public getting bailed out because classical consumerism is at an all time low.
La source: Reuters - 🏆 2. / 97 Lire la suite »

European stocks, U.S. futures edge higher on stimulus hopesEuropean stocks traded higher Monday, helped by hopes of further stimulus on both sides of the Atlantic with the autumn spread of the coronavirus... The market just wants to rally. Much of it new, inexperienced investors. This has nothing to do with stimulus, which should have passed months ago. I detest this excuse for a rally!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

U.S. stocks open higher despite stalled stimulus talksU.S. stocks opened higher Monday, even as Washington remained deadlocked on another round of fiscal stimulus to boost an economy weakened by the coronavirus....
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Global stocks rise as hopes for prompt US fiscal stimulus revive the 'buy everything' trade | Markets InsiderThomson Reuters Global stocks rose on Monday as investors held onto hopes for a prompt deal on a new round of US fiscal stimulus, boosted by t... This thing moves to whichever direction American money goes.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »