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US News Bank of America: Why Joe Biden's victory in the US election could lead to a surprise rally

12:55  31 october  2020
12:55  31 october  2020 Source:   finanzen.net

USA 2020-Less chaos, but spikes, during the ultimate Trump-Biden debate

 USA 2020-Less chaos, but spikes, during the ultimate Trump-Biden debate USA-ELECTION-DEBATE: USA 2020-Less chaos, but spikes, during the ultimate Trump-Biden debate © Reuters / JIM BOURG USA 2020: TRUMP AND BIDEN OPPOSE HEALTH CRISIS IN ULTIMATE DEBATE by Trevor Hunnicutt and Jeff Mason NASHVILLE, Tennessee (Reuters) - Republican President Donald Trump and his Democratic rival Joe Biden on Thursday delivered diametrically opposed visions of the coronavirus health crisis, seeking to convince in a final debate the few Americans still undecided just twelve days before

US President Donald Trump and his Democratic White House challenger Joe Biden have held duelling rallies in the critical election state of Florida. With just five days to go until election day, Mr Biden has a solid lead nationally in opinion polls. But his advantage looks less assured in the battleground

US unions have begun discussing the idea of a general strike if Donald Trump refuses to accept an election result showing a Joe Biden victory . Despite being American citizens, an anomaly in US law means the residents of the island, which lies in the Pacific Ocean 8,000 miles from Washington

According to current surveys, the chances of a change of government in the USA are good: Trump challenger Joe Biden could become the next President of the United States . And contrary to what many expected, this could also have a positive effect on the stock markets, experts believe.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images

• Usually better market development with different majorities in the US Congress and US Senate

• However, a joint approach could support markets

• Possible surprise rally in the event of Biden victory

"Strong Stock markets! You want to see them submerge? Then vote for the radical left with their big tax increases! ", Wrote the current US President Donald Trump recently on his favorite medium Twitter .

Biden and oil: goof or not goof?

 Biden and oil: goof or not goof? © JIM WATSON / AFP Joe Biden CAMPAIGN JOURNAL # 26 - Ever since Joe Biden announced his desire to "leave the old" oil industry, which "pollutes significantly", Donald Trump has attacked it relentlessly for this "blunder". But is it really? Times have changed, and Biden has opinion on his side. The most exasperating, for four years, is to see Donald Trump and the political world be subjected to different standards.

Biden speaks at a rally in Columbia, South Carolina, on the night of the New Hampshire primary. Joe Biden has a lot of policies on his website but that’ s not what comes over on the debate stage.” Biden has frequently referenced his partnership with Obama but America ’ s first black president has

While Joe Biden has been leading President Trump in most national opinion polls heading into the DONALD TRUMP will defeat Democrat Joe Biden to win the upcoming US Presidential election , a political scientist has predicted. US Election 2020: Why is Florida so important in the election ?

Strong Stock Market Numbers. You want to see them dive? Vote for the Radical Left with their BIG Tax Hikes!

- Donald J. Trump (@realDonaldTrump) July 21, 2020

Video: How will the US elections affect the European economy? (Euronews)

In fact, the Republican is not alone in his view that a democratic government could negatively affect stock market developments. Many investors are hoping for the 74-year-old to be re-elected: "Trump would be the best purely for the financial markets," said Robert Greil, chief strategist at the Munich private bank Merck Finck, in March. "With him, the markets know best how things will go". Numerous other experts are of the same opinion: If Wall Street could vote, Donald Trump would be the favorite in the race for the US presidency. After all, he promises that if he is re-elected, there will be further fiscal incentives and taxes will be reduced.

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US unions have begun discussing the idea of a general strike if Donald Trump refuses to accept an election result showing a Joe Biden victory . Such a move would be unprecedented in the modern era. There has not been a general strike in the United States since 1946 – and that was restricted to

Mr Biden said Mr Trump' s handling of America ' s worsening coronavirus crisis was an "insult" to its victims. The Democrat has a solid national lead over the But Mr Biden ' s advantage is narrower in the handful of US states that could vote either way and ultimately decide who wins the White House.

The biggest Trump competitor Joe Biden, on the other hand, has come up with the demand to withdraw the tax cut that the US president has implemented - given the current situation of many US companies in times of the COVID-19 pandemic, this is more likely for many companies gloomy prospects. In addition, experts now see a possible Democratic victory as significantly less stressful for the US markets than a few months ago. Because Joe Biden is considered a moderate democrat, observers are no longer assuming a massive market crash. In the meantime, experts have even created lists of stocks that should benefit in the event of a Biden victory. Bank of America considers surprise rally possible

Bank of America also sees a possible new US President Biden not per se as a stock market killer, but on the contrary even sees the possibility that the markets could have a surprise rally. Michelle Meyer, who is responsible for the US economic segment at Bank of America Merrill Lynch, considers the fact that with a Democratic President and a simultaneous majority of Democrats in the US Congress a uniform approach in connection with the coronavirus is crucial. Pandemic would be possible. An empowered Democratic White House and Congress could be an unusual boon for the market in 2020 if investors believe that a unified government could better cope with the coronavirus crisis, CNBC quoted the expert as saying. "A democratic turn in the 2020 elections could spark a stock market rally if Wall Street sees a unified government helpful in fighting COVID-19 and easing trade tensions between the US and China," Bank of America said -Expert. Advantages of a Senate-Congress stalemate in Corona times apparently no longer in force

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US President Donald Trump and his Democratic challenger Joe Biden have batted away key Opinion polls indicate Mr Biden has a solid lead over Mr Trump. However, polling is still very close in Thursday night' s town halls, as TV voter question-and-answer events are known in the US , replaced

Democrat Joe Biden says comments by Mr Trump' s chief of staff show the White House has His remarks come as coronavirus cases surge in the US , nine days before the presidential election . Mr Biden ' s lead over him is much narrower in several of these states , which will decide the election .

Given the current pandemic background, Meyer does not see it as a prerequisite that the stock exchanges tend to develop better when there is a stalemate between the US Senate and the US Congress . "Containing the coronavirus is of vital importance," said the expert. Investors continued to focus on how to mitigate the aftermath of the pandemic and would therefore likely cheer those who they believe will take the most effective steps to fight the disease and protect the economy. Joe Biden's approach is to be more involved in the decisions, while Donald Trump often leaves the responsibility to the local authorities.

"Stocks have rallied since March, suggesting investors are leaving the 2020 recession behind and valuing companies on out-of-year earnings. However, a sharp surge in new COVID-19 outbreaks could reverse that optimism ", she pointed out once again the enormous importance of the crisis measures with regard to a pandemic containment.

In their view, a combined approach by Congress and Senate could prove beneficial in this regard and bring the markets to a surprise rally.

editors finanzen.net

Press comments on Biden's election victory: "A moment of humility and reflection" .
Many international media have high hopes for Joe Biden. But you also see the challenges that he will face as the future US President. © TIMOTHY A. CLARY / AFP A speech by Joe Biden is broadcast on a screen in New York's Times Square. "A moment of humility and reflection" On Joe Biden's victory in the US presidential election, the New York Times writes: "Having looked into the abyss of autocratic nationalism, the American people have now decided to step back from the edge.

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This is interesting!