Joe Biden in the White House may really please the markets
Investor anxiety about a Biden presidency is misguided, with Trump’s approach to economic growth falling short even before Covid-19
Joe Biden’s growing lead in the US presidential polls combined with recent stock-market turbulence has some Wall Street observers wondering if markets are getting nervous about the odds of Democrat victories in November. This anxiety among investors may very well be misplaced, reflecting old and off-base stereotypes of what the two political parties are trying to accomplish.
Just as investors were overly optimistic about the economic benefits of tax cuts and deregulations in President Donald Trump’s agenda, they’re too quick to dismiss a Biden platform as simply focused on tax increases and new regulations...
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