A Biden Victory And Split Congress Is Best For Stocks, But Here’s What Would Kill Markets After Election Night

  • 📰 Forbes
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

There may not be a clear winner the morning after the election. Nothing would be worse for markets.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Biden Victory And Split Congress Is Best For Stocks, But Here’s What Would Kill Markets After Election NightA Biden victory and split congress is best for stocks, but here’s what would kill markets after election night by skleb1234 skleb1234 senatemajldr you really did a great job at tanking this economy and destroying the American people. You republicans should be better than this. It’s a shame. You also caused the stock market 📉 FoxNews CNN WhiteHouse PressSec GOP SenateGOP GOPLeader JoeBiden SenSchumer skleb1234 cancelNetflix skleb1234 This analysis is interesting from a historical perspective but really, talking about 2-5% moves in the immediate aftermath of an election is like, who cares? More important is how policies around access to health care and climate change are going to impact the economy, long run.
Source: Forbes - 🏆 394. / 53 Read more »

A Biden Victory And Split Congress Is Best For Stocks, But Here’s What Would Kill Markets After Election NightThere may not be a clear winner the morning after the election. Nothing would be worse for markets. Increased Corp tax is great for stonks Why mybmc sounds like North Korean army.
Source: Forbes - 🏆 394. / 53 Read more »