Milton Wrote: How does the market feel about a Biden presidency? I know the stock market is largely built on confidence and expectations, and not necessarily reality sometimes. So I'm curious how Wall Street feels about Biden vs Trump. Do you think there will be a big difference, or is it more complicated than that?
Well, the market is doing pretty darn well since the race was called for Biden. I suspect that is partially because it's also looking like Republicans will (ever so slightly) retain control of the Senate. Ironically, Washington gridlock tends to be good for markets because we can largely assume no major financial regulations are going to be coming anytime soon.
That may not be good for the average American trying to get by, but it will certainly be welcome news to major corporations.