NEW YORK - Investors on Wall Street can add another layer of uncertainty to a market already unnerved by last month’s sell-off, stalled fiscal stimulus and President Donald Trump’s COVID-19 diagnosis, which weighed on stocks on Friday.
That policy - which would likely be easier to enact if Democrats also win the Senate and retain control of the House - may push some investors to lock in gains ahead of December if Biden emerges the winner in the Nov. 3 vote, fund managers said. On Friday, President Trump’s COVID-19 diagnosis triggered a sell-off in stocks and oil as investors moved away from risk assets. But many tech and momentum stocks are sporting healthy gains for the year despite a sell-off that pushed the S&P 500 down 3.9% in September, its first monthly loss since March.
“The third quarter is usually weak, but when it is really strong, like it was in 2020, this says the rally isn’t over yet,” explained LPL Financial Chief Market Strategist Ryan Detrick.SELLING ‘AHEAD OF SCHEDULE’ “You’re going to see people selling things that they would be selling anyway, but ahead of schedule,” he said.
Personal income tax rates are more likely to affect the market’s winners this year, Cordaro said, while increased corporate taxes would most likely lower valuations across the stock market over the next year.
The societal parasites will be okay
Good
Americans now realize how little Trump’s stock market actually affects them positively. Relative to corporate CEOs, Trump’s tax break and COVID19 relief, we got shit... justsaying persist vote2020
Translation: were SenileJoe be declared the winner, our entire economy, including everybody’s retirement, would take a huge hit.
Maybe temporarily but it’s not like investors will liquidate and hoard cash
It's a bad speculation for the UK. Biden will take down the tradewar to give the brits some air to breathe. The WS may look better in Biden win.
Biden victory might signal a return to civility and forward thinking in the US. Thus, attracting more investors from overseas, as well as our continent. TakeAmericaForwardAgain
realDonaldTrump store so much money In lost taxes.. no one cares about your capital gains
This is the most disingenuous headline I have ever seen. What the fuck is this even supposed to mean? What kind of morons did you hire to work for you?
Tough shit!
F them. They have stole enough trillions. Is time for the gravy train to end and stop feeding the greedy monster that is impoverishing the rest of us!
A Biden victory means all companies will stop making money in protest
We should be united to stop aggressor! We Armenians are fighting turkey right now! You can stop the war by sharing this! Мы должны объединиться, чтобы остановить агрессора! Мы, армяне, сейчас воюем с турцией! ArtsakhStrong StopErdogan WeWillStopErdogan
Good.
Then make it so!
Well ge said it himself, he will eliminate Trump's tax cuts. So vote for Biden for high taxes....defund police, open borders, etc.
Biden is pupulace
'Billionaires worried money spigot may stop.'
Wall Street pays their fair share of Corporate Income Taxes at same rate as Middle Class 37%, No Tax loopholes. Multibillionaires beware. You WILL BE paying your BACKDATED fair share. NO MORE $1 dollar Annual Salary Bullshit. Taxes based on Wealth & Stock/Option Portfolios value
Not sure how actually stopping the pandemic and more generous stimulus is going to make people sell....
Who gives a fuck we're saving our democracy 🖕
Good. The Stock Market has been one of the major tools in moving money up to the 1%.
Breaking President of Artsakh ArayikHarutyunyan joined the front line with special forces. He called upon Armenians all over the world to unite and defend our “inalienable right to live in our own land.” StopAliyev
Fuck em
Hopefully evil Trump stays sick for a long time or at least until after the election! The markets are holding in anticipation of Biden! Useless Trump& his mafia have no Covid plan, no health plan, no infrastructure plan& an annual INCREMENTED TAX INCREASE on middle & poor class!
Who the F. cares ? We need some sanity and predictability to return to government on a sustained basis. Without that, any market gains are short term and illusory. Markets don’t function well in failed states.
Bummer
Jesus Christ who fucking cares.
This is the same, retread story from 2012. Obama- Biden led us out of an almost depression-like hole starting in 2009 and it can be done again, but including non-stock owners this time around.
Hmm
Stupid.
Greedy fucks all
The economy is dying right now. This is a ridiculous headline
Lol no. Markets always perform better under Democratic presidents.
Patriota que se respete y quiera su Nación Apoya a TRUMP contra el Socialismo Genocida Mundial. Latinos....'Yo voy A votar por Donald Trump' Temazo!!!! YouTube Liderunox TUDLV Gatudemicos
India - the world's most dangerous nation for women! India - the world call it rape capital! India - DalitLivesMatter is a farce!
Fuck off.
I too have tried stand up comedy
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