The upward movement of the market indicates that it does not believe there will be a Blue Wave (a sweep) in November 2020.
Actually, the market is convinced precisely that there WILL be a blue wave, and unfettered spending and policy will move forward.
I don't really think so. The market likes divided government. I just don't see the market excited about 40 percent cap gain taxes and a new financial transaction tax.
biden says corporate taxes are going up, so by definition, stock valuations will go down. i'm with buy1sell2 on this one..
the market does not like divided government. I'm not sure how you can say or support such a position. I will agree that the market cannot get excited over a jump in Cap Gain, but the amount of fiscal spending coupled with continued monetary heroin is enough to propel the markets beyond the current level of insanity (valuations) into complete and utter madness.
Biden and the Dems are going to splash out $5Tril on infrastructure , create real jobs for a real economy...... then watch the retards scream and pull their hair out , about debt and deficits.
A clear-cut Biden win is emerging as a bull case for stocks https://economictimes.indiatimes.co...bull-case-for-stocks/articleshow/78496836.cms Dollar dips as markets price for Biden victory https://www.cnbc.com/2020/10/07/forex-markets-dollar-coronavirus.html The dollar dipped on Wednesday as investors looked ahead to a possible Democrat victory at the November 3 U.S. Presidential election, and after U.S. President Donald Trump said that he was ready to sign off on some stimulus measures. Election polls are showing a widening lead for Democratic presidential candidate Joe Biden, while some betting markets are also reflecting the prospect of Democrats taking control of the U.S. Senate next month. “FX markets are starting to, at the margin, price in not only a Biden presidency but also a blue sweep as well,” said Mazen Issa, senior FX strategist at TD Securities in New York. Investors have been building short bets on the U.S. dollar index on the growing likelihood of a Democrat victory, Issa said. “The market is looking at it as being reflationary.” A Democratic sweep would make larger fiscal stimulus more likely, which would weaken the U.S. currency. Biden opened his widest lead in a month in the U.S. presidential vote, according to a Reuters/Ipsos poll released on Sunday.