Then when it looked as if Biden would become president with a split Congress — what some viewed as the worst possible outcome in terms of getting a sufficient second stimulus deal done — investors became giddy, driving the major indexes higher on consecutive days.
Neither Republican Kelly Loeffler nor Democrat Raphael Warnock came close to the required 50% majority needed to win. In the state's other race, if Republican David Perdue's current 49% of the vote does not bump up over 50%, a January runoff against his Democrat opponent Jon Ossoff will be necessary.
Walsh said that because the expected outcome has flip-flopped in recent days, a double Democratic win in Georgia would send the market into a shorter-term spiral. "Also consider that stocks have historically done very well under Democratic sweep scenarios, with the S&P 500 up 15 of the 18 years and up an average of 13% ," Buchbinder added.Walsh said a divided-government outcome — which he believes is most likely and is therefore positioning his clients for accordingly — is the best-case scenario for markets.
I know a few Wall Street experts who feel the opposite
Is this suppose to scare the average American that doesn’t own stock? Too big to fail is not capitalism.
Garbage
nice
buh buh a Biden win will crash the market buh buh a blue senate win will crash the market
Yes dip away.
This same so-called experts said the market will tank if Biden wins...we all knows what happens next
Hope it does!
Good. Buy the dip!
Yep. But that’s likely to happen no matter who wins.
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