President Trump warns that your 401(k) could 'disintegrate and disappear' if he loses the 2020 elect [View all]

[Omaha Steve]

Source: Market Watch

By Shawn Langlois

How is your 401(k) doing?

With tech stocks leading the advance, the Nasdaq Composite COMP, 2.21% just broke into uncharted territory. Tesla TSLA, +13.47% took out a fresh high. So did Netflix NFLX, +3.54%. And Amazon AMZN, +5.76% reached $3,000 for the first time ever.

Whatever the current status of your retirement account — if you actually have one — President Trump, in a tweet on Monday, warned that any gains you might be enjoying could “disintegrate and disappear” in a hurry if he doesn’t win another four years in the White House:

Link to tweet

Snip: Not according to strategists at JPMorgan Chase & Co. JPM, +2.52% who say that a win for former Vice President and presumptive Democratic nominee Joe Biden, currently ahead of Trump in recent national polls, would be a “neutral to slight positive” for stocks.

Read more: https://www.marketwatch.com/story/as-the-stock-market-soars-and-the-nasdaq-breaks-records-trump-warns-that-your-401k-could-disintegrate-2020-07-06