Fade Runner 2049
Veteran
Any predictions as to what will happen to the market if his health deteriorates?
Let’s eat
Let’s eat
Do you know something that Goldman Sachs doesn't?I do know that if Biden wins, stock prices will drop with his proposed tax plan.
Goldman's chief economist breaks down why a Biden-led blue wave would prompt an upgrade in growth forecasts | Markets InsiderCurrent polling suggests a blue wave led by Democratic presidential nominee Joe Biden is becoming more likely, as he extends his lead following last week's presidential debate, Goldman Sachs said in a note on Monday.
Democratic control of the presidency and both the House and the Senate would likely lead to a surge in economic growth, according to Goldman, as it would give Biden and his party more latitude to pass their legislative agenda.
If Biden does win in the upcoming November election, the probability of a fiscal stimulus package being passed would sharply increase, which would likely be worth at least $2 trillion and pass shortly after the presidential inauguration on January 20.
Right now the market would welcome a Biden winI do know that if Biden wins, stock prices will drop with his proposed tax plan.