Wall Street feels bullish on Biden
Source: Axios
Joe Biden’s widening lead in polls is providing a bullish cue to investment strategists: Wall Street now sees less chance of a contested election, and more chance of a "blue wave" — Democrats taking the House, Senate and White House — and the hearty stimulus that could follow.
Why it matters: A clear-cut Democratic win would "provide certainty to markets that have been nervous about election risks," Bloomberg reports, citing strategists from Citigroup to JPMorgan Chase.
*snip*
The Business cover of Thursday's N.Y. Times had the headline, "Wall Street Takes a Turn For Biden," with the online version: "Wait, Wall Street Is Pro-Biden Now?"
"Investors are of the view that a 'blue wave' victory ... represents the best chance to get another large injection of federal money into an economy that continues to struggle."
Read more: https://www.axios.com/wall-street-feels-bullish-on-biden-fdf7015a-500b-4098-b628-0fce6ae58100.html
Drumpf's 'I am better for economy' argument is dead.
Fiscal conservatives are backing Biden.
Let's not get complacent. GOTV
