Markets have been bullish since last week’s election day, but Jim Kramer, CNBC’s “Mad Money” host, believes stock market investors are happy with the many delayed risks that could potentially lead to a sell-off.
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“We are concerned about the fact that we may be heading for a constitutional crisis.”
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Notable among these concerns is that Kramer described the potential “constitutional crisis” as a possible “constitutional crisis” due to accepting the defeat of President Donald Trump and paving the way for a smooth transition for former Vice President Joe Biden, who won the 2020 race. Are seen. White House.
“We are concerned that this could lead to a constitutional crisis,” the CNBC host said Wednesday.
“This is not encouraging,” Kramer said, while “the president regularly tweets about how the election was rigged.”
Late Wednesday, Trump, who has vowed to start a series of challenges in the counting process, tweeted his belief that he would still win the presidential race called by most major newspapers and political experts over Biden over the weekend. . The 45th President wrote, “With millions of votes, we’ve got more votes than any sitting president in US history – and we’ll win!”
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“From a stock market perspective, that’s a problem.”
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“It doesn’t look like he will vacate the space in January,” Kramer said Wednesday.
“By denying the legitimacy of the election and trying to fight it anyway, they are definitely destabilizing the situation,” he said. “From a stock market perspective, that’s a problem.”
It is not clear, however, at what time Trump’s reluctance to accept elections and pave the way for a peaceful change of power will affect the market.
The stock has largely been the talk of the town ever since. Elections in will result in a split government, Biden in the Oval Office fee and Democrats fail to get a majority in the Senate – a political landscape that historically considered positive. In stocks because it will not bring about a change that the market can be seen as volatile.
The Wall Street Journal reports that Trump has long been running a business of legal attacks in an effort to prevent officials from certifying election results.
So far, experts see no reason to believe that Biden’s current popular-vote lead and elect oral rule will not extend its lead in the college ledge when the final votes are lengthened.
According to the Associated Press, Biden has 290 votes in the Electoral College ledge, more than the 270 needed to win the presidency, compared to Trump’s 214. The APA has yet to determine the winner in Alaska, Georgia and North Carolina, with Biden ahead. Leading Georgia and Trump in Alaska and North Carolina.
Kramer, meanwhile, also noted the resurgence of COVID-19, in which U.S. Other heads or investors are not paying full attention, including hospital admissions in most parts of the world and elsewhere in the world, and the lack of new relief packages for troubled companies. At the moment.
On Wednesday, the Dow Jones Industrial Average DJIA,
The two-day winning streak slipped, but the S&P 500 Index SPX,
And the Nasdaq Composite Index COMP,
The day is definitely over.
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