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re: Are the markets foreshadowing a Biden victory? Some wealth management folks believe so.
Posted on 10/31/20 at 9:47 am to Bass Tiger
Posted on 10/31/20 at 9:47 am to Bass Tiger
Wall Street sees Biden as predictable and not volatile like Trump. They want stability and no drama. They don’t believe he will go full progressive and get all the tax increases. They don’t care about manufacturing anything in the US or restricting illegal immigration. They don’t care about flyover country, just making money for themselves.
1
Posted on 10/31/20 at 10:43 am to FlyingTiger1955
quote:
Wall Street sees Biden as predictable and not volatile like Trump. They want stability and no drama. They don’t believe he will go full progressive and get all the tax increases. They don’t care about manufacturing anything in the US or restricting illegal immigration. They don’t care about flyover country, just making money for themselves.
The market won’t like it if there appears to be a month long process of figuring out the election. If there is a clear winner the market won’t care much. No serious financial advisor ever suggests cash as a safer and better long term position. Time in the market is better than trying to time the market.
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