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?

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