Some investors are worried about what the impact of a Democratic sweep would be on the stock market this coming November.last week observed that the prediction markets are suggesting Democrats could be victorious in the national elections. The probabilities of Democrats winning the White House, Senate, and House of Representatives are 62%, 61%, and 85%, respectively.
But investors need not worry about poor stock market performance and a potential Democratic sweep if history is a guide, according to Ryan Detrick, senior market strategist at LPL Financial.that stocks were up 83% of the time and posted an average annual return of 13.2% when Democrats controlled the White House and Congress.
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Would be bad for many things socially
They are not worried about stocks. They are worried about being taxed their fair share of the bill. Top earners really should be taxed at 70%. Minimum.
Maybe if Warren or Sanders were at the top of the ticket, but not Biden.
Wall Streets interests are not Main Streets interests
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