Is the stock market rooting for Trump or Biden? The answer may surprise you

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks have typically thrived under legislative gridlock in Washington, and a split Congress has historically been the best scenario for investors.

A possible explanation is that a majority of recent economic expansions have ended under GOP administrations. For instance, ten of the past 11 recessions started while a Republican was in the White House. The one exception was President Jimmy Carter.

Conventional wisdom would suggest that a Democratic sweep would be negative for markets, especially for heavily regulated industries, but further economic pain could demand more fiscal support from Washington, Raymond James said. That could help boost economic growth. Investors selling just prior to President Obama taking office would have missed out on a 26% total return year in 2009 and the kickoff to the second strongest bull market in history, according to data from SunTrust Private Wealth Management. And investors selling just prior to President Trump taking office would have missed out on a 22% return in 2017, the figures showed.

In a blue wave sweep, the U.S. can expect corporate tax increases, continued fiscal relief and spending, along with health care and technology regulation, Raymond James analysts said. In this scenario, cyclical stocks tied to the economy's possible expansion would outperform, helped by fiscal stimulus , according to Raymond James.

 

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

realDonaldTrump For half a century, Joe Biden has been outsourcing your jobs, opening your borders, and sacrificing American blood and treasure in endless foreign wars. Joe Biden is a corrupt politician—If Biden Wins, China Wins. When We Win, Florida Wins—and America Wins!1

realDonaldTrump For half a century, Joe Biden has been outsourcing your jobs, opening your borders, and sacrificing American blood and treasure in endless foreign wars. Joe Biden is a corrupt politician—If Biden Wins, China Wins. When We Win, Florida Wins—and America Wins!

So you are speculating on a market that is based on future speculation.. then you can make up any narrative you want to justify your position! I’ll give you a hint less taxes=larger growth.

The stock market isn’t PEOPLE!!

stock market is not representative of the people. it's corporate management bonuses and mostly the riches. when people making less than $15/hr, you think they really care about the stock market?

This is bullshit.

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:

 /  🏆 100. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines