HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The stock market thinks J...

Wed Sep 2, 2020, 01:36 PM

The stock market thinks Joe Biden is going to beat Donald Trump

https://www.cnn.com/2020/09/02/investing/joe-biden-stock-market-donald-trump/index.html

New York (CNN Business)The presidential election is only two months away and the stock market is soaring.

In theory, that should bode well for President Trump since a bull market has historically benefited the incumbent. But Trump is trailing Democratic challenger Joe Biden in many head-to-head national polls.

Although the market's sharp rebound since March could be viewed as a sign that investors expect the coronavirus-induced recession to be brief, you need to dig deeper and look at how the recovery is unfolding.

It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market ó as well as a portfolio of stocks that might benefit from a second Trump term.

Blue stocks vs red

According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June.

This so-called Biden or blue list includes companies like Granite Construction (GVA), Tesla (TSLA), First Solar (FSLR), chip giant Broadcom (AVGO) and the iShares MSCI Germany ETF (EWG), which owns several top German stocks.

The bet is that these companies might thrive if Biden wins and pushes for the United States to rebuild highways and bridges, wean America off oil and restore fractured trade relations with China, Japan, Europe and other global economic leaders.


Republicans are good for tax cuts to help "job creators". Democrats are good for creating actual jobs. Hoping enough voters in enough economically disadvantaged swing states have wised up to this by now.

5 replies, 853 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply The stock market thinks Joe Biden is going to beat Donald Trump (Original post)
IronLionZion Sep 2020 OP
MissB Sep 2020 #1
IronLionZion Sep 2020 #2
MissB Sep 2020 #3
dubyadiprecession Sep 2020 #4
Johnny2X2X Sep 2020 #5

Response to IronLionZion (Original post)

Wed Sep 2, 2020, 01:40 PM

1. Still considering a 401k withdrawal apparently

Spouse wants to pull some out. Meets the minimum age requirement. He wants to pull out the gains since March.

The remaining is enough to retire on at the end of the year if he wanted to (isnít quite ready to).

Iím calculating the taxes before he does it. I get it- he wants to pay off the mortgage and have more cash on hand each month.

Sigh.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to MissB (Reply #1)

Wed Sep 2, 2020, 01:45 PM

2. Markets are propped up by trillions in stimulus right now

America has been in recession before the COVID lockdowns started so I expect a market correction this fall, maybe around election time. Hopefully we'll have the Senate also to help implement Biden's reforms and then things will come back up as more Americans get back to work and trickle up.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Reply #2)

Wed Sep 2, 2020, 01:50 PM

3. That's part of his argument for taking it now

Before the market correction.

It just goes against everything I know.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Original post)

Wed Sep 2, 2020, 01:56 PM

4. That's extremely bad news for the orange orangutan ass!

Trump watches the market.
That could give him the stress he needs for that final stroke!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to IronLionZion (Original post)

Wed Sep 2, 2020, 01:58 PM

5. Betting markets are close to 50-50

Not because there's a 50-50 chance of either guy winning, but because betters think Trump will steal it.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread