Stock market ‘boost’ from Biden win would likely fade, experts say nypost.com/2020/11/02/sto… via @nypost
While a Democratic victory in Tuesday’s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely be happier with more of what Republicans have delivered.
A Joe Biden win could boost share prices in the short term given that he’s likely to champion a big stimulus package to address the raging coronavirus pandemic.
But a Democratic sweep would likely spark a selloff further down the line as elites try to cash in before Biden ushers in higher taxes for the rich and stricter regulations, experts say.
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