The noise in Washington has led to uncertainty in the markets that Wall Street is eager to shrug off.
According to our article analysis, a positive sentiment is present throughout Politico’s piece on Wall Street’s betting on the election. This could have to do with a positive outlook on a Biden administration that would put an end to restrictive trade policy and provide increased stimulus to the American people. While the prospect of a blue wave is being treated as almost fait accompli in the markets, there isn’t too much hand wringing around the idea of a Trump reelection. Which would mean the continued promise of low tax rates on corporate profits, and low regulation.
Despite this positive outlook, there’s a dark cloud of risk language all throughout this article. No matter who wins this election – there’s concern about the impacts on the economy. The timing of a renewed stimulus package or higher taxes and regulation from a Biden win has some on Wall Street worried, especially if the GOP holds the Senate. Whereas, a Trump reelection could mean a more emboldened Trump and further trade wars with partners like China, another outcome that doesn’t please market analysts.
Read our full article analysis here.
“NYSE” by Brian Glanz is licensed under CC BY 2.0
