As I have said for MONTHS, the stock market was pricing in a Biden win and yes, that has happened.
But for the market, the best case scenario is still a Republican Controlled Senate...
With a Republican controlled Senate, many of Biden's campaign “promises” will not happen- and again this is stock market positive. Regarding major tax increases, this will not happen. Regarding Biden’s promise to reign in big tech, this as well will not happen. Regarding a “Green Deal” of one type or the other- the GOP (with a Senate majority), will assure that big oil remains in control. A propping up of big oil is massively stock market positive. Crude oil is the life blood of the entire energy sector of the market AND, is it positive for the financial sector as well. Investment banks have massive leveraged bets on the price of crude oil being high.
Expect MASS debt expansion under a Biden Presidency- VERY positive for Gold, Silver, and Cryptocurrency.
Mass debt is the fuel for the stock market...
Wall St. And traders like myself are keenly aware that debt acquisition will propel the stock market to new record highs- just as it has done under Presidents Obama and Trump.
The only question is this.. will the market respond on Monday as a "sell the news" moment? Or propel higher.
For traders, the best case would be a sell the news, then we buy the dip.
GM
i knew they'd wait til the market closed on friday. wondering what happens monday morning!
Biden hasn't won yet