analysts laid out which 2020 election scenarios would best serve the US stock market.
Yet a full Democratic sweep of the Senate with a Biden win would bring markets' worst-case scenario, as the party would likely usher in new industry regulations alongside corporate and capital gains tax hikes, the bank said. A Biden presidency with a divided government would do away with Trump's"randomly-timed disruptions from foreign/trade policy" while keeping his market-friendly economic policies, JPMorgan wrote.
Prediction markets currently give Biden a one-point lead over Trump after the former vice president notched striking victories through Super Tuesday. While polls in swing states favor Biden over Trump, the margin of error remains wide enough to render the race too close to call, JPMorgan said.
In other words the stock market is only stable when progress for the working class is at a stand-still? Fuck 'em, let it crash.
Invisible Hand of the Market Approves of Biden Presidency
Thank you JPMorgan/Business Insider for showing your hand. COVID-19 will come n go. It’s the push for heightened fear that caused all of this. If we did this with the flu every year, it would happen. It is TDS and so many willing to tank the economy to win an election. Sad
He has dementia!
Really you want to put a man in charge that has dementia so Bloomberg and George Soros can run this country think again
Who the hell care about stocks? They be worthless pieces of paper by the time Bone Spurs is done with the country
Are you serious, that did not worked before, I wonder where this guys get their education...we know uneducated ppl do business with them, Not here...
Says The Cocaine Kingpins..