s, it is unlikely that Democrats will manage the congressional sweep they hoped for, pointing to a political gridlock.
But Axi's Innes said this was not necessarily a negative for the markets."The market has concluded that gridlock is a friendly outcome — less growth and stimulus and less tax, regulation, and bond issuance," he said. The third day of counting saw Biden continue to close the gap in Pennsylvania and Georgia in the"tightest US election in 20 years, and definitely the most drawn out," Deutsche Bank analysts said. A Pennsylvania win would give Biden over 270 electoral college votes, effectively handing him the presidency without having to win any more state votes.The chief strategist at JPMorgan's $2.
"The large bounce in equities this week creates an opportunity for investors to reassess and rebalance their portfolios in preparation for a President Biden and divided Congress – not to mention the very small, but still possible chance that a President Trump faces a Democratic Congress," said Mark Haefele, chief investment officer at UBS Global Wealth Management.and maintained bond purchases at $120 billion a month.
A correlation, not necessarily a causation.
Facts please. Research. Voting has been rigged, evidence is shown across various twitter accounts.
America is also finally addressing his mental illness, stay tuned.
Stocks slip because biden is winning you fricken fools ♦️♠️♥️♣️