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Wall Street chief strategist says a Biden blue wave could spur a 5% drop in the S&P 500
Posted on 10/17/20 at 9:32 pm
Posted on 10/17/20 at 9:32 pm
quote:
The S&P 500 and Dow Jones could lose 5% if the Democrats win the White House and both chambers of Congress at the election next month, because of a lack of clarity over some of the party's key policies, one Wall Street strategist said.
Steve Kalayjian, chief market strategist and co-founder of trading platform Ticker Tocker said a "blue wave" victory by the Democrats could ignite a sell-off in the S&P 500. "
I don't think the Democrats are being forthright with the policies they are prescribing with the Green New Deal, Supreme Court, and new tax policy both corporate and individual," Kalayjian said.
"The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian added. "I see a decline of 5% or more."
business insider
22
Posted on 10/17/20 at 9:35 pm to L.A.
It’ll be way more that that IMO.
Posted on 10/17/20 at 9:35 pm to L.A.
Surprising with the amount of Wall Street money behind Biden.
Posted on 10/17/20 at 9:36 pm to L.A.
Muh Moodys doe
Posted on 10/17/20 at 9:36 pm to L.A.
If Democrats destroy the energy sector you will see the single worst stock market losses since black Thursday
This post was edited on 10/17/20 at 9:38 pm
Posted on 10/17/20 at 9:37 pm to L.A.
That's the best case
Posted on 10/17/20 at 9:49 pm to L.A.
It will be more than 5%.
Posted on 10/17/20 at 9:55 pm to L.A.
quote:
"The S&P 500 is fine now, but if Biden wins, there will be a sell-off. If Trump wins, you'll see the Dow and S&P easily climb to new highs," Kalayjian added. "I see a decline of 5% or more."
5% or more. IT will be waaaayyy more.
A Biden win will cause a large drop in the market.
IF you want to lose your job, lose money in your investments, pay higher taxes (if you still have a job), and be susceptible to crime (US will be a sanctuary country), then vote for Biden and other democrats.
IF you want to keep your job, make more money, and have a safer city, then vote republicans, especially TRUMP.
Posted on 10/17/20 at 9:56 pm to L.A.
5% 
There is your problem, the Alex Jones of leftist economic bullshite
quote:
business insider
There is your problem, the Alex Jones of leftist economic bullshite
Posted on 10/17/20 at 9:59 pm to L.A.
Fudge that try 50% 
Posted on 10/17/20 at 10:09 pm to L.A.
15%+
Posted on 10/17/20 at 10:13 pm to L.A.
A 5% drop???
Yeah, put a 3 or a 4 in front of that 5%.
Yeah, put a 3 or a 4 in front of that 5%.
Posted on 10/17/20 at 10:15 pm to L.A.
This is why I'm holding TLT calls.
Posted on 10/17/20 at 10:20 pm to L.A.
Just 5%? We did that two weeks ago over Trump tweets
Posted on 10/17/20 at 10:38 pm to L.A.
5%?
You mean like, on the first day?
You mean like, on the first day?
Posted on 10/17/20 at 11:26 pm to L.A.
Then these idiot companies should stop donating billions to Democrats who want to tax them to death.
Posted on 10/17/20 at 11:28 pm to L.A.
I mean 5% is really nothing. I would think it would be way worse than that
Posted on 10/17/20 at 11:30 pm to L.A.
5%? It can drop 5% for any reason or no reason at all.
Posted on 10/17/20 at 11:57 pm to L.A.
I wonder why Wall Street's campaign contributions to Biden are dwarfing those being made to Trump.
So, Wall Street is trying to get Biden elected so the market will collapse. Makes lots of sense.
So, Wall Street is trying to get Biden elected so the market will collapse. Makes lots of sense.
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