{"id":103903,"date":"2020-11-03T00:56:01","date_gmt":"2020-11-02T21:56:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stock-market-boost-from-biden-win-would-likely-fade-experts-say\/"},"modified":"2020-11-03T00:56:01","modified_gmt":"2020-11-02T21:56:01","slug":"stock-market-boost-from-biden-win-would-likely-fade-experts-say","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stock-market-boost-from-biden-win-would-likely-fade-experts-say\/","title":{"rendered":"#Stock market boost from Biden win would likely fade, experts say"},"content":{"rendered":"

“#Stock market boost from Biden win would likely fade, experts say<\/strong>”
\n<\/p>\n

\n Don\u2019t expect a Biden bump to become a Biden boom.<\/p>\n

While a Democratic victory in Tuesday\u2019s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happ<\/a>ier with more of what Republicans have delivered.<\/p>\n

A Joe Biden win could boost share prices in the short term given that he\u2019s likely to champion a big stimulus package to address the raging coronavirus pandemic. But a Democratic sweep could spark a selloff further down the line as elites try to cash in before Biden ushers in higher taxes for the rich and stricter regulations, experts told The Post.<\/p>\n

\u201cLater on, it may dawn on people: Well, we got the stimulus package, that\u2019s great, but we also have a situation where the most pro-business administration in decades, arguably, that\u2019s going away,\u201d said Chris Rupkey, chief financial economist at MUFG Union Bank.<\/p>\n

Stocks posted a strong rally in the final session before Election Day, with the Dow Jones industrial average climbing 422.86 points, or 1.6 percent, to 26,924.46 on the heels of its worst week since March.<\/p>\n

With Biden comfortably ahead of President Trump in national polls, Monday\u2019s gains suggested confidence among investors that it won\u2019t take too long to determine the winner \u2014 and that whoever is inaugurated in January will deliver another stimulus package to shore up the pandemic-battered economy.<\/p>\n

\u201cIn a perfect world we\u2019ll know on Wednesday who the next president of the country\u2019s going to be, or at least the administration, and that bodes well for that stimulus trade,\u201d said Anthony Denier, CEO of the trading platform Webull. \u201cIt\u2019s really everyone giving a big sigh of relief that the election is finally here.\u201d<\/p>\n

But Wall Street would likely be more enthusiastic about Trump signing that stimulus bill while keeping taxes low and regulation limited in a second term \u2014 policies that are general<\/a>ly friendly to stock prices, analysts say.<\/p>\n

Biden, on the other hand, could spur selling by pushing liberal policies such as a public health insurance option, higher taxes and more regulatory pressure on Big Tech firms, according to market observers \u2014 though that will all depend on which party controls the Senate.<\/p>\n

\u201cThe concern over tax hikes for corporations and capital gains tax would be a non-starter with a Republican Senate,\u201d said Quincy Krosby, chief market strategist at Prudential Financial.<\/p>\n

But Biden has been ahead in the polls for weeks and \u201cthe market hasn\u2019t blinked\u201d at the possibility of his proposals becoming reality, said Lamar Villere, partner and portfolio manager at Villere & Co.<\/p>\n

Elections themselves also don\u2019t have major long-term influences on the market\u2019s movements, analysts said. For instance, the Dow ended Monday about 36 percent above where it was on the first trading day after Trump\u2019s inauguration, not far from the 33 percent gain in the comparable portion of President Barack Obama\u2019s second term.<\/p>\n

\u201cThe only real concern is that you have an ugly contested election and prolonged uncertainty,\u201d Villere said. \u201cBut our take is that we\u2019re not going to see a huge swing one way or the other, and generally it\u2019s not going to be a meaningful event as far the market\u2019s concerned.\u201d\n <\/p><\/div>\n

\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Stock market boost from Biden win would likely fade, experts say” Don\u2019t expect a Biden bump to become a Biden boom. While a Democratic victory in Tuesday\u2019s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happier with more of what Republicans have delivered. A Joe Biden win…<\/p>\n","protected":false},"author":1,"featured_media":103904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/joe-biden-markets.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[78144,69441,4941,991,72388,70360],"class_list":["post-103903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-2-20","tag-2020-election","tag-donald-trump","tag-joe-biden","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/103903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=103903"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/103903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/103904"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=103903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=103903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=103903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}