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Joe Biden Stock Market forecast; How to invest in stock market now that Joe Biden is president-electโฆ or is he? ๐ Register Your Seat For my Free Masterclass: ๐ Premium Investing Group (PIG)
Right now, half the country is celebrating Joe Bidenโs victory, while the other half is either heartbroken or asking for a recount.
Regardless, as investors, we are only here to find out how we can make money in the stock market, regardless of what happens to our reality TV show political system, right?
Last week as we were closing down the election results, the stock market showed they were kinda ok with Joe Biden getting elected and Trump losing. But is this going to be sustainable? What will a Joe Biden presidency mean for the markets? Iโm gonna look at the historical data on what typically happens under new Democratic presidents, and how Joe Bidenโs specific policies could play out in just a little bit, but first, letโs talk about the elephant in the room. While the presidency is set to change (or potentially change) in January, that is NOT the main force driving the economy. The bigger forces REMAIN the Federal Reserve and the COVID-19 pandemic.
In the US, unlike what many people predicted that the pandemic will go away once the election is over, wellโฆ it didnโtโฆ In fact, itโs spiking and getting WORSE than ever in the US. On the bright side, on Monday we found out the new Pfizer and BioNTech vaccine is over 90% effective.
Meanwhile, the Fedโs goal is to โsupport the economyโ by keeping interest rates low and snapping up billions of dollars of bonds each and every month. First off, this means that investing your money in the stock market is the best decision youโd be making about your money instead of keeping it in the bankโฆ because all the cool things the Fed will be doing to โsupport the economyโ will lead up to inflation which will devalue your money thatโs sitting in the bank.
Joe Biden Stocks has momentum on his side. Since 2000, every time the stock market was higher heading into Election Day, November and December came in green, too. The first years of presidential terms have also been good ones.
One thing that could slow things down the road is Joe Bidenโs tax policy on big corporations and individuals that earns over $400K.
The impact on the stock market would come from raising the corporate tax rate to 28%, imposing a minimum tax on U.S. companies, and raising taxes on the foreign income of many U.S.-based multinational companies. Biden also backs tax incentives to encourage domestic manufacturing.
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Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don’t invest money you can’t afford to lose. There are no guarantees or certainties in trading or investing.
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