Investors relieved after Biden won the presidential race – Invest Chronicle
Home  »  Trading Signals   »  Investors relieved after Biden won the presidentia...

Investors relieved after Biden won the presidential race

After the few days of uncertainty regarding election results, finally, Investors and financial executives were relieved when the Biden victory was declared by the major media networks. Although the current president trump hasn’t conceded the elections and said that he would fight the results in court.

Chief investment officer at Sunrise Capital Partners, Christopher Stanton said that the Biden is good news for the markets. We’re all so tired of the whipsaw that came with the Trump tweets.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



The biggest weekly gains were seen at the major U.S stock indexes as investors were betting on Biden win and a senate with Republican in the majority. That scenario is good for the investors because it would not be easy to pinch the companies through regulations or taxes.

However several lawsuits and more coming over ballot counting are major risks to asset prices that can drag out the election proceedings.

Investors are now more focus on the Senate which will be decided by the two runoff elections on January 5. Those two runoff elections can potentially give control of White House, Senate and House of Representative to democrats which have increased the election volatility risk at the moment.

Investors are also worried about the stimulus package which can be very small for the economy to recover.

JPMorgan Chase & Co Chief Executive Jamie Dimon said in a statement that now its time for unity and we must all accept and respect the results of the U.S. presidential election and support a peaceful transition of power.

Robert Wolf, a major Democratic donor and former UBS Group AG executive who now runs 32 Advisors said that he is relieved and deeply hopeful for the future of this country.

In a tweet, Billionaire investor Bill Ackman said that results should be accepted by open heart and republicans should Concede graciously. Mohamed El-Erian, Allianz Group’s chief economic adviser, said that he hopes that Biden administration will work with the Congress to control the pandemic and Congress will pass an economic stimulus package for struggling Americans

Leave a Comment

Your email address will not be published. Required fields are marked *

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

GIFT

Download free eBook for 

7 GROWTH  STOCKS FOR 2021

WAIT 
WE HAVE GIFT FOR YOU