Title : According To CNN The Stock Market Is Booming Because It Thinks Joe Biden Will Be The Next US President
link : According To CNN The Stock Market Is Booming Because It Thinks Joe Biden Will Be The Next US President
According To CNN The Stock Market Is Booming Because It Thinks Joe Biden Will Be The Next US President
New York (CNN Business)The presidential election is only two months away and the stock market is soaring.
In theory, that should bode well for President Trump since a bull market has historically benefited the incumbent. But Trump is trailing Democratic challenger Joe Biden in many head-to-head national polls.
Although the market's sharp rebound since March could be viewed as a sign that investors expect the coronavirus-induced recession to be brief, you need to dig deeper and look at how the recovery is unfolding.
It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market — as well as a portfolio of stocks that might benefit from a second Trump term.
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WNU Editor: I wish I could place a bet with the above CNN writer on what the stock market will look like after the election. Bottom line. Joe Biden is not the reason why the stock market is booming.
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