Wall Street Thinks a Biden Win Will Help the Stock Market
The stock market has recovered nicely from the beating it took earlier in the year when the coronavirus outbreak sent stock values plummeting. Yet many investors fear that election-related volatility will have similar results this November. Many are already gearing up for a near-term stock market crash.
It's impossible to predict who will win the upcoming election and what impact that might have on stocks, but Wall Street seems to think a Biden victory will be good news for markets. The thought is that if Democrats gain control of the Senate, there could be more long-term economic aid than what Republicans would provide. That, in turn, could not only help the economy bust out of its recession sooner, but also push stock values upward.
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Source Fool.com
