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.
They are both lefties. Welfare for one group or the other.
Delusional
So according to the visual it's fairly calm with a Dem President, suggesting low risk. Seems it's best to put people over corporate greed.
For a real American Commander-In-Chief vote 🇺🇸BidenHarris2020 🇺🇸 p.s. not a LiarInChief CowardInChief CowardInThief TrumpTraitor realDonaldTrump
Who the F**K cares about the markets...what about the 1,000 dying every day and the 193,000 already dead
Oh, puhhhhlease
You seem to be employing a very unprofessional writer.
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Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »