5 Dividend Stocks to Buy for a Biden Bull Market
In less than seven weeks, Donald Trump's presidency will end, and President-elect Joe Biden will be sworn in as the 46th President of the United States. Wall Street typically isn't a big fan of change, but this is a rare instance when the stars appear to have aligned for the stock market.
A Biden presidency is likely to result in additional fiscal stimulus to combat the coronavirus disease 2019 (COVID-19). When coupled with the Federal Reserve's pledge to keep interest rates near historic lows through at least 2023, the table is set for equities to thrive.
Furthermore, Wall Street is expecting a split Congress. If a Republican candidate wins just one of the two remaining Senate seats in Georgia's runoff elections in the first week of January, the GOP will have a Senate majority. That means Biden's big-picture tax hikes would likely fail to become law. The status quo is a positive for corporate America.
Source Fool.com
