Like all Democrats, Biden will raise taxes, including ftt and capital gains. Trump, despite his shortcomings re cv handling, is still a much better choice for us traders. Democrats = much higher taxes, fck 'em https://www.forbes.com/sites/sergei...etly-begins-warning-about-a-biden-presidency/ https://thehill.com/policy/finance/484433-financial-trade-tax-gains-traction-with-2020-democrats https://www.nytimes.com/2020/07/07/business/wall-street-joe-biden.html
Trump has an inherent problem in the political world. He isn't a politician. So he says silly things, doesn't care what the next guy thinks, offends people, etc.. can people accept that? we'll find out soon.
Yeah, but harder to enjoy your money in Barter Town, which it will be in few years at this rate. What's that town that has started to print its own wooden money already? Wooden Money? A Depression-Era Experiment Returns https://www.strongtowns.org/journal/2020/6/29/wooden-money
Scenario 1: Trump wins a second term Scenario 2: Biden wins and Republicans hold the Senate Scenario 3: Biden wins and Democrats take the Senate The last scenario would obviously be the worst for the stock market, but which of the first 2 scenarios would be the best?
Bottom line is that the stock market likes a split government between parties the best; it indicates that there will likely be minimal regulatory changes which means the business environment will remain the same. If you actually take a look at stock market performance --- the market typically excels when the the Presidency and Congress are split between parties -- when a single party has the Presidency and both chambers of Congress the market returns tend to lag.
As a futures trader, I actually don't care a tiny bit, as every day is fine. I'd suggest others who want a relaxed life excape the long stocks trap.