If Biden’s broad lead in the polls is signaling a boom to investment strategists: Wall Street will now see fewer chances of a contested election and a more likely “Blue Wave” – Democrats take the House, Senate and White House – and heartfelt excitement could follow.
Why it’s important: Bloomberg reports citing JPMorgan Chase strategists from Citigroup as Bloomberg reports that a clear Democratic victory would “guarantee markets frightened by election risks.”
- Shares of alternative energy companies that expect prosperity from policies under the Byton administration rose sharply after the Trump-Biden debate, according to Reuters.
Business cover The NY Times on Thursday headlined the online version of “W Wall Street Tax a Turn for Biden”: “Wait, is Wall Street now pro-biden?”
- “[I]Investors are of the opinion that the ‘Blue Wave’ victory … presents the best opportunity to get another big injection of federal money into the struggling economy. “
But keep your eye on the ball! Goldm Sachs Portfolio Strategy Research U.S. The weekly kickstart told customers Friday night: “The vaccine is more important than the election which is more important than the 3Q result.”
- “Investors are focusing on the impact of the ‘Blue Wave’ election … However, the vaccine represents a more important factor than the election outcome for the path to equity. Our assessment of both vaccine and treatment has been optimistic.”
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