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 Dumbest thing I’ve read in a while. If Biden wins, the market crashes...that’s super easy to realize
skleb1234 JoeBiden will kill the economy
skleb1234 Prior four years would beg to differ.
skleb1234 Idiotic.
skleb1234 do not worry for the markets, worry for the people
skleb1234 Lots and lots of money to be made in short trades and option puts on the way down. $$$
skleb1234 This seems like propaganda
skleb1234 You idiots....Biden for criminy sake, good for stocks?
skleb1234 A split congress being good for markets pretty much makes the case that markets aren't good for society.
skleb1234 Biden, good for stocks? LOL GTFO of here
skleb1234 Anything could impact it. It moves on the news and the optimism of the nation, oh and the FED.
skleb1234 Only place Biden will be going to an an old folks home to help with his deteriorating mind..he and heels up will NEVER GET THE KEYS TO OUR HOUSE. EVER.
skleb1234
skleb1234 In your opinion.
skleb1234 Lol this headline is funny
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skleb1234 lol, Biden would be terrible for stocks, he already said he is raising taxes and that means earnings have to come down. We already seen the Trump economy boom the market, stop the nonsense.
skleb1234 If u like the diversity in content, i'm suggesting to follow our page😁😁. Have a nice day 😊
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Source: CNBC - 🏆 12. / 72 Read more »