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As a result of what was a wild election day 2020 that ended without a winner, the inventory market is booming.
These are massive meetings.
So why do markets combine so much after election day 2020?
Because Democrats have not opposed the Senate, meaning the once-likely “blue wave” in Washington will not happen, and it is unlikely that many radical adjustments that would possibly have resulted from this blue wave, such as higher corporate taxes and tighter regulation of primary technologies, will soon materialize.
This, of course, is positive for the stock market.
Here’s a look.
In this Blue Wave scenario, Biden would have seamlessly and temporarily implemented many of its radical changes, some of which are as business-friendly as raising the corporate tax rate and reducing the hammer of high-generation corporations like Facebook (NASDAQ: FB). Amazon (NADSAQ: AMZN).
But this Blue Wave doesn’t happen. While biden looks like he’s going to win the US presidential race, he’s going to win the US presidential race. U. S. (Betting markets have a 80% chance across the North lately), Democrats have lost some seats in the House and have been unable to overthrow the Senate. Therefore, even if Biden wins, we will have a divided government and, in a divided government, it will be more difficult for Biden to enact radical reform.
In other words, higher-tax customers and stricter regulation of the primary generation were drastically reduced on election day 2020, when Democrats failed to overthrow the Senate.
That is why the inventory market is booming today. That’s why the highly-tech Nasdaq is a healthy overtake of the
To be honest, it turns out the inventory market doesn’t care who wins the White House.
Future contracts were delayed on Election Day 2020, once it became transparent that Democrats were not going to overthrow the Senate. At the time, betting markets gave Trump a 75% chance of winning the U. S. presidential election. Votes have been counted in urban centers, several states have blue, and betting markets now give Biden an 80% chance of winning the U. S. presidential election.
Despite the massive shift in betting market ratings, the stock market has continued to rebound, largely because it is becoming increasingly transparent that Democrats will not return to the Senate.
Do you understand the point?
The stock market is booming after 2020 election day because Democrats overthrew the Senate and therefore the prospect of radical anti-business reform is unlikely.
In the future, the outlook for equities is positive, no matter who ends up in the White House.
At the time of publication, Luke Lango did not occupy (or occupy) any position on the values discussed in this article.
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