How’s your 401 (k) going?
With technology stocks leading the way, the Nasdaq Composite COMP,
just entered unknown territory. Tesla TSLA,
brought out a new high. So did Netflix NFLX,
And Amazon AMZN,
It reached $ 3,000 for the first time.
Whatever the current status of your retirement account, if you really do have one, President Trump, in a tweet on Monday, warned that any gains you may be enjoying could quickly “disintegrate and disappear” if you don’t earn another four years. in the white house:
That’s right? Should investors be afraid to vote for Trump?
Not according to JPMorgan Chase & Co. JPM strategists,
Those who say a victory for former Vice President and presumptive Democratic nominee Joe Biden, currently ahead of Trump in recent national polls, would be a “neutral to slight positive” for the stock.
“Given current economic weakness, corporate recovery and job growth are likely to be prioritized over policies that could slow economic growth and perhaps even jeopardize the desired outcome of midterm elections by 2022,” said the team in the note. “Furthermore, a more diplomatic approach to domestic / foreign policy is likely to result in less volatility in stocks and risk premiums.”
Either way, “My 401 (k)” didn’t take long to climb Twitter’s trending topic list, where the general sense is that voters have more in mind than the size of retirement savings:
Then there were the inevitable comparisons:
In summary:
–
.
