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How does the SCOTUS News affect the market?

Posted on 9/19/20 at 10:04 am
Posted by Pipedream
Member since Nov 2019
1231 posts
Posted on 9/19/20 at 10:04 am
Not that this news really has anything to do with the market, but we all know headlines and politics can impact the market randomly. What do yall think?

I'm thinking market is green Monday.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80774 posts
Posted on 9/19/20 at 10:17 am to
More burned down cities
Posted by whitefoot
Franklin, TN
Member since Aug 2006
11181 posts
Posted on 9/19/20 at 11:21 am to
Little to no impact is my guess
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 9/19/20 at 11:27 am to
Which institutions are selling on the news Roe v Wade is at risk to get thrown back to the states
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/19/20 at 11:50 am to
I think you may see the polls and betting odds tighten some, as this may give all the closet Trumpers and anti-Trumpers the cover they need to support Trump. Think about it, the left were voting for Biden regardless of RBG’s death, but you have many in the middle and on the right who simply can’t stomach Trump. Now, their short-term protest vote against Trump may give way to the longer-term implications of preventing the left from nominating a radically liberal SC justice. To think the left would nominate a moderate in this climate we all know is foolish.

With a tighter race, you get more uncertainty. With more uncertainty, you could get more volatility. As Elroy Dimson has so eloquently put it, “Risk means more things can happen than will happen.” That could ring a little truer now, but I think it’s mostly marginal. I wouldn’t be surprised if stocks are flat to weaker next week on this news, but there are many other factors to be more worried about, in my view.
Posted by tide06
Member since Oct 2011
11180 posts
Posted on 9/19/20 at 1:37 pm to
If McConnell can get a replacement through prior to the election I think it demoralizes Biden voters who wanted to make sure she was replaced with a leftist.

If it’s pushed until after the election I think it motivates low energy Biden supporters to turn out and vote.
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7369 posts
Posted on 9/19/20 at 7:48 pm to
I see everyone talking about the polls. But I’m more interested in the calendar.

Next week was the time Congress was going to decide on Federal unemployment benefits as part of the spending appropriation bill. If the Senate agreed to the House’s bill, unemployed Americans would have gotten an extra $600.

But now that everyone is fixated on SCOTUS, the benefits won’t be Congress’ priority. Meaning: The odds of additional stimulus has dropped.

Ergo: Markets lower.
Posted by KillTheGophers
Member since Jan 2016
6214 posts
Posted on 9/19/20 at 9:38 pm to
If 6 trillion on the Fed balance sheet did nothing, he death will do even less.

Posted by CredulousChowder
Boone, NC
Member since Sep 2020
161 posts
Posted on 9/19/20 at 10:06 pm to
quote:

To think the left would nominate a moderate in this climate we all know is foolish.


Yeah but everyone knows RBG would have retired if Biden were to win.
Posted by castorinho
13623 posts
Member since Nov 2010
82026 posts
Posted on 9/19/20 at 10:09 pm to
quote:

If McConnell can get a replacement through prior to the election I think it demoralizes Biden voters who wanted to make sure she was replaced with a leftist.

If it’s pushed until after the election I think it motivates low energy Biden supporters to turn out and vote.
in theory, you're right. But I'd bet that the % of voters who put the SC at the top of their issues is pretty low.
Posted by Auburn1968
NYC
Member since Mar 2019
19475 posts
Posted on 9/21/20 at 11:58 am to
I'm thinking back to the mess in the final stages of Bush/Gore in Florida and having a potential 4/4 SC flounder while dems are "finding" votes in Palm Beach or some such is enough to worry a lot of people.



Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/21/20 at 12:07 pm to
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/21/20 at 12:35 pm to
It is hilarious to me how many downvotes any post on the Money Talk gets if it is even remotely critical of Trump or the equity markets (or both)
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