The stock market keeps making big gains every day as election day approaches. The news media says Biden is 10 points ahead of Trump. Biden intends to raise taxes and re-regulate put things back like Hillary would want it. So, is that good for the stock market? Can someone explain why the market is going up in anticipation of a Biden victory?
Mao Bidden
Favorite Answer
Enjoy Trump for four more years. LOL
?
It isn't. Biden-Harris promise to increase taxes on businesses and increase taxes on investments, which any economist could tell you will necessarily reduce economic growth and decrease job creation.
But they will give Wall Street more power to control the government, because corporatism is the new Democratic Party way.
martin
Well it's not really what the investors would want in the long run, but it means stimulus payments in the short run, which is good for business.
hungryjoe
Why?
Trump has destabilised the American political system
Finance likes stability
Biden is not Trump
Quod Erat Demonstrandum
Anonymous
its not--communist never do well.