ith the 2020 election less than two months away, Wall Street investors are weighing the pros and cons of a Trump versus Biden presidency. Polls show former Vice President Joe Biden holding a lead of 7.3% over President Trump, according to RealClearPolitics, though betting markets suggest a narrower spread.
If Trump wins, Republicans hold the Senate and Democrats remain in control of the House, then markets will likely rally 3% to 5% on “no new news,” predicts wealth management firm Hightower Advisors. Historically, Republican presidents presiding over a split Congress result in an average gain of 5.3% for the S&P 500, with stocks rallying 60% of the time after the election, according to CFRA data going back to 1944.If Biden wins, Democrats take control of the Senate and retain the House then the market will likely see an initial sell-off of between 2% to 5%, according to Hightower.
In the 22 past years when Democrats controlled the executive and legislative branches, the stock market rose an average of 9.8%, rallying 77% of the time after the election, according to CFRA Research. If there is a Democratic sweep, sectors like renewable energy and industrials could benefit from a new focus on infrastructure in Washington, analysts say, while big tech and pharmaceutical companies would likely take a hit from increased government regulation.
skleb1234 A Biden/Harris presidency would be orders of magnitude worse than a Trump second term. Tax extremism. Environment over people. Economic collapse. Rampant crime. Forced vaccinations with unknown long-term effects. Status over merit. This election is about the future. Don’t blow it
skleb1234 Fact check:fake news
skleb1234 Hmmm.. I know it’s a long shot, but what if the GOP takes over the House also? Red wave.
skleb1234 This analysis is interesting from a historical perspective but really, talking about 2-5% moves in the immediate aftermath of an election is like, who cares? More important is how policies around access to health care and climate change are going to impact the economy, long run.
skleb1234 cancelNetflix
skleb1234 senatemajldr you really did a great job at tanking this economy and destroying the American people. You republicans should be better than this. It’s a shame. You also caused the stock market 📉 FoxNews CNN WhiteHouse PressSec GOP SenateGOP GOPLeader JoeBiden SenSchumer
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