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re: How will the election affect the stock market

Posted on 8/26/20 at 6:18 am to
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/26/20 at 6:18 am to
quote:

How’s you come to that conclusion? Biden is ahead of Trump in all the major polls.



My point in saying this is to ask how can the market have a Trump victory priced in when data is showing the opposite. I’m not debating the accuracy of the polls, just pointing out that it’s foolish to say that a Trump win is already priced in, considering the positives surrounding the Biden campaign.
Posted by Jag_Warrior
Virginia
Member since May 2015
4126 posts
Posted on 8/26/20 at 7:54 am to
quote:

My point in saying this is to ask how can the market have a Trump victory priced in when data is showing the opposite. I’m not debating the accuracy of the polls, just pointing out that it’s foolish to say that a Trump win is already priced in, considering the positives surrounding the Biden campaign.


I agree with your logic here. Much like when people here mistakenly claimed that the (still questionable) stimulus was “priced in”, I also don’t see that the prior claim about a Trump victory is priced in either.

It has nothing to do with what I do or don’t want to happen. It’s simply what the data at hand is showing the markets right now. And I’ve not heard a single major market participant make that claim.

People also need to step back and realize that the make up of the House and Senate matter at least as much as who occupies the White House next year. And it appears that there’s a high probability that the Senate might flip.
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