A Democratic sweep in the elections could lead to a market rally if Wall Street sees a unified government as helpful for fighting Covid-19, Bank of America says.
Goldman Sachs found last year that since 1928, the median S&P 500 12-month return under a divided government is 11% vs. 8% under a unified government. "The big surprise under a Dem sweep would be a rally. But positives include the potential for unleashed capex amid less tariff uncertainty," wrote Michelle Meyer, head of U.S. economics at Bank of America Merrill Lynch.
Leadership. No?
Surprise rally? 😂😂 there won’t be anything surprising about it. The rally will be ushered in with Biden and a Democratic House and Senate.
🤣🤣🤣.
Uh negative. My clients would be freaking the f out selling and buying gold.
Bull 💩 the country and market will be destroyed
Lol no one believes anything you report. Biden Has dementia and will not be president. Polls are just as wrong as they were in 2016. Trump train coming and will control both houses, just watch
I want there to be a REAL way to mitigate and then contain this virus. Not just some optics and sound bites to cover up negligence and incompetence. A competent federal response would be marvelous.
Bring it on!
Let’s see...roll back of corporate taxes, higher capital gains, higher marginal tax rates on greater then 50 percent of Americans, insane spending on boondoggle, destruction of the energy sector, more regulations, if Biden wins , market will collapse
NeverBiden - as he's not embracing progressive agendas: Medicare For All, Justice, GND, Student Debt Cancellation, etc... He still hasn't EARNED progressives votes!
Biden can’t even complete a whole sentence 💋
A BasementBiden win would turn every city in the US into Portland, Seattle, Chicago, NY, etc. Crime everywhere, rioting, looting, murders and defunded police.
Oh damn, I accidentally went on a greed-fueled rant and forgot all about fiscal responsibility my bad! dont check out my timeline vote liberal
Yeah I’m sure that $2 trillion they want to spend to retrofit all buildings to green energy will help with Covid. Give me a break with this nonsense.
MSCNBC
Very very doubtful!!!! BAC is WOKE and PC and full of chit!!!!
Lol What part of: ✅Open borders ✅Raise taxes ✅Add regulations to companies ✅Destroy our oil and coal industry ✅Defund the police ✅Bow to China Are you all thinking is causing the sweep? Democrats are clueless.
Any excuse as cover 4 massive market intervention to inflate financial asset prices. CNBC trying to hedge and spin any result as positive for the inevitable surge in stahhhks. Trump wins: AWESOME! Markets rising on deruglation. Dems win: AWESOME! Markets rising on emm leadership.
. ecinimy not shot down due to widespread death. Good for the market ? Go figure.
Zzzzzzzzzzzzzzzzzzz
TDameritrade for real market news.
😂😂😂😂😂😂😂😂😂🇨🇳🇨🇳🇨🇳
I'll bet $1,000.00 that if Biden wins the election in Nov, the corona virus disappears and is no longer a threat....and the media will say Joe Biden saved America. you watch.
FakeNews pushing Democrat elections...
blue governors were yelling 4 states rights when Trump tried to intervene,but all the red governors will just get it line? look at the facts Calif one of the last states to re-open, LA county never lifted the lockdown except for 'protestors' LA county worst county in the country
BoA is giving political advice now? The same bank that got a $20+ billion bail out in 2008? Yeah, I'm not listening to them because they are a horrible bank.
Doubtful
😂😂😂😂😂🙄🙄🙄
realDonaldTrump is incompetent
Republicans want a payroll tax cut. But guess what I capped out months ago. People who are jobless don't have any tax problem. W. T. F. Are they doing?
Wrong
Oh for sure. Is this the new angle they're 'selling' now?
BS! Market will tank if Dems sweep. Higher taxes, more regulation and higher fees won’t help the economy. GOP run states won’t just get in line either. This is a stupid take by BofA
Ha!!! Yall damn sure dont believe that.
You guys should change your calling to DNC!!
If the radical Marxist democrats sweep, the Chinese virus will be the least of our concerns
Haha, let see who got tapes! Biden probably... he likes girls....easy target for ccp
Ya think JFC..
hahahahahahahaha
Lol.....Dnc is corrupt and destroying the country.
Keep dreaming
Boy, I wonder where Bank of America came up with that one? For sure the Republicans would work toward the best interest of US Citizens. Dems demonstrated they have no such intentions. Border Security as an example: Rep - Safety & Security Dems - open borders - no safety!
Imagine if these BLM protests never happened
Was Biden just indicted in Ukraine
Bought and paid for BankofAmerica
But the death toll by Jan 20, 2021 may be 1 million if these exponential rates of infection continue.
One party is good sometimes! Too many opnions, too much noise, things can never get done.
So having a cohesive national plan to fight the pandemic is good for business and the economy? It seems such a radical idea, but hey, it just might work!😛
That would be delusional
What are they sweeping the riot damage?
Dream on!
Everything is bullish now. Bubble.
Newsflash: 'Competent leadership good for markets.'
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