US stocks rise sharply as election results keep trickling in

and are celebrating.

taxes on businesses.

Or the wealthy.

That's it.

is going to come back because he will implement changes to get Covid under control.

That's what I think.

all the markets are pricing a Biden win.

That the Stockmarket is responding to the likelihood that there will be a split government with Biden as President and a Republican Senate. This means that there will be limited opportunities for Biden to pursue a legislative agenda and his authority will be restrained.

Large change mainly occurs when there is single party control, and that is looking very unlikely.

The Repub Senate will block anything "radical" that Dem pres might do. IOW, the best outcome for keeping things more or less status quo, even keel and all that.

If had a ding-a-ling delusional madman president plus Repub Senate, might actually do some awful things to the economy like asinine trade wars for example, and going a bit too far in destroying the safety net (aka consumers aka people),

sure Wall Street has no love for poor people or sick people, but OTOH at some point too much Trump/Repub wishes becoming policies harms consumption, so better to take that a bit carefully, maybe one step at a time, per Wall Street thinking

(my theory, I'm no greedbanger "insider", I'm from Minnesota, we went for Biden by a 7.2% margin, so we're exempt from ever being wrong about anything. yup, we get no respect etc. etc. Go Vikes! Go Gophers! )