Question
any thoughts on the below? If there is a clear winner - either Trump or Biden - I think the stock market will climb because
any thoughts on the below? If there is a clear winner - either Trump or Biden - I think the stock market will climb because the clear election results will have brought a sense of stability. If Trump wins, the stock market may still experience a hiccup because stimulus talks have been been in a tough position with his administration, and the stimulus check is one of the most important incentives for investors at the moment. However, Trump is known for providing generous tax cuts, which could also keep the stock market at a stable level. If Biden wins, I think the stock market will climb steadily because investors now know that stimulus talks will be held in a serious light and anticipation of increased funds will bolster the market. A stimulus bill is one of the most significant factors for Wall Street's success right now, so I think a Biden win would be positive in that aspect. Biden also has long-term and clear-cut plans for schools, infrastructure, climate change, etc, which again signals increased spending and high hopes for the market. If the election is contested, I believe that stocks will plummet as wide-spread uncertainty surrounds major topics like government spending. Investors don't like volatility, and a contested election will bring just that. A contested election is also likely to bring civil unrest, which will serve to only bring the stock market down further. With no confirmed leader and inflammatory words from both parties, the stock market is likely to be in a bad position.
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