has rallied more than 60% thanks to the president's landmark corporate tax cut that led to a surge in profits and a record in share buybacks. The Trump administration has also relaxed many regulations over the last four years, creating a market-friendly environment for oil and other industries.
Many investors worry that a reversal of the tax cut, which Biden has pledged, could take a big bite out of earnings at a time when market valuations are sitting at multi-year highs. Meanwhile, Biden's tax plan calls for raising capital gains rates for high earners. While investors believe Biden's policies could create headwinds for the overall market, some sectors would fare better than others. Consumer discretionary, industrials and financials will perform the best under a Biden administration, according to the survey.
Meanwhile, utilities, consumer staples and energy could have a hard time outperforming during Biden's presidency, the survey said.Two-thirds of the survey respondents said the blue-chip benchmark will most likely finish 2021 at 35,000, which represents a roughly 16% gain from Thursday's close of 30,199.87. Meanwhile, 5% of the respondents believe the gauge could climb to 40,000 by the end of next year.
Ten percent of the investors said the Dow will fall to 25,000, while 18% of them said it will dip to 30,000.
Tomorrow starts new US pension year. At midnight 2021 Roth IRA contributions accepted. Few hours left for US tax planning: Who knows what provisions the new Admin will make retroactive to 1 Jan and how many will thoughtlessly, inadvertently do more damage to US expats like FATCA
They said the same under Obama and Clinton and they had their best years ever.
A mountain of regulation, new taxes, and more special preferences for unions. What could be bad for business?
In other news, water is wet.
Fuck the stock market
UNDER BIDEN WHO'S PLANS ARE TO DESTROY THE ECONOMY THE STOCK MARKET WILL PLUMMET TO ALL TIME LOWS....MARK THESE WORDS...TRUMP TOOK THE ECONOMY TO ALL TIME HIGHS...TOO OBVIOUS FOR THE THE HATERS THO
It is called hyperinflation....the FED fucked up the system....the stock market has nothing to do with reality anymore....when i look around, nearly everybody is struggling and has no idea how to pay the costs for living
NO SHIT!!!
GREEDY STUPID AND WORTHLESS 'INVESTORS' ONLY THINKING ABOUT THEIR OWN POCKETS. TO HELL WITH THEM ALL!
Does that include the 16% bump my portfolio has enjoyed since the election?
Perhaps, now that Trump disastrously handled the pandemic and consequently did major damage to the economy. WorstPresidentInHistory LoserOfTheCentury
Real Investors know the stock market will see headwinds under a Biden or anyone other then captain chaos presidency *Fixed the headline
When the Dims win Georgia, the market is going to correct at least 20%.
DUH you think unless you are a socialist
Kind of like headwinds the last Democratic president faced after the debacle of yet another GOP administration. How many times do we have to clean up their mess
Biden Inc. exposed!
That's fair. We've had 330,000 countrymen sicken and die. Time for people to become the No.1 Priority for a few years....
Socialism for the rich and cold hard capitalism for everyone else!
Don't care what the stock market does as long as the orange turd is gone. Stock market go up, stock market go down. Maybe we can balance our budget now that an adult is in charge.
Headwinds? The same pigs that make the market also profit on the market. No conflict of interest there 😂🖕. Only in Pigmerica can millions be out of work or underemployed, 8 of 10 can't afford a $500 emergency, savings gone, a year b4 vaccine is useful, but market records daily.
robert__jenni 𝖨 𝗐𝗂𝗅𝗅 𝗇𝖾𝗏𝖾𝗋 𝗌𝗍𝗈𝗉 𝗉𝗈𝗌𝗍𝗂𝗇𝗀 𝖺𝖻𝗈𝗎𝗍 Mrs jenni robert__jenni 𝖻𝖾𝖼𝖺𝗎𝗌𝖾 𝗆𝗒 𝗁𝖺𝗉𝗉𝗂𝗇𝖾𝗌𝗌 𝖺𝗇𝖽 𝗃𝗈𝗒 𝗐𝖺𝗌 𝖻𝖾𝖼𝖺𝗎𝗌𝖾 𝗈𝖿 𝗒𝗈𝗎𝗋 𝗀𝗈𝗈𝖽 𝗐𝗈𝗋𝗄𝗌 𝗍𝗈𝗐𝖺𝗋𝖽 𝗆𝗒 𝗅𝗂𝖿𝖾 𝖺𝗇𝖽 𝖿𝖺𝗆𝗂𝗅𝗒.
Rates going to stay zero? Then who cares. Market will double probably. Stop acting like who is president actually matters.
Wall street choose this puppet now play with him . All is manipulate . Open Your eyes . Faight with this
Squawk Box reported the poll results at 58% BC, 33% Spacs, which is the opposite written here. Which is correct?
Headwinds were coming either way. Lots of froth and a challenged economy.
Hmmmm.. stock market headwinds or fascist state, hmmmmm
Haha. Remember the rallies every time tariffs were imposed? Remember the rallies when the Whitehouse downplayed the impact of the pandemic?
WTF. Mick Mulvaney was just on and not challenged once. What exactly does senate hearings to get to the bottom of the election ( Trumps loss) mean. He lost lost No evidence to hold hearings.... Very very poor and disappointing interview
No sh*t
BIDEN SUPPORTERS CHEATED IN THE SWING STATES! We no longer have fair elections in America. Our voting process has been destroyed! Congress, The Courts and especially The Supreme Court is letting Americans down! Click on picture below!
A stock market that has been on the rise for around 10 years is bound to take a turn downwards eventually regardless of who is president. What matters is handling the budget responsibly and not kissing it away on tax cuts and trade wars that achieved nothing
As for Biden u and Trump should be working together not against each other to make our country great.
under the trump presidency, the same hft controls the whole market while the trump SEC are so crooked they should the ones going to prison for their political moves us markets are rigged get the memo same algo every day they are not even trying to hide it
Nice poll, but what is the cause for it? Is it because of the Presidents or because of the current market rally or because of the chaos Trump is generating now? Common you could do this better: understand the factors and you can anticipate the trends better
Who cares. The orange man is no longer president.
Biden?
The P/E ratios of the DoW, S&P and Nasdaq have never been at these levels. Evaluation matters and if has nothing to do with Biden, period.
If headwinds you mean downward spirals because most of the US money will go towards China and other countries and not our own and help pay themselves with a relief package deal? Then yeah that would be it