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Odoylerules 06/10/20 4:04:35 PM #1: |
It's a bit curious. The conventional wisdom on Wall Street is that the market likes when a Republican is in power. And Trump has enacted several investor-friendly policies, such as tax cuts and the rolling back of some federal regulations on health care and the banking sectors.
The market had been moving practically in lockstep with the general election polls until recently. "That relationship has broken down a bit in early June, with Trump's chances (according to the betting markets) falling and the S&P 500 surging," wrote RBC strategist Lori Calvasina in a report Monday. Even though Biden is leading in many polls, the Nasdaq hit an all-time high above 10,000 Tuesday and the S&P 500's relentless rally since March pushed it back into positive territory for the year on Monday for the first tine since February. The recent market rebound should be a good sign for Trump's reelection chances. But Calvasina pointed out that "the stock market has decoupled from Trump." ... Copied to Clipboard!
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Machete 06/10/20 4:12:33 PM #2: |
But I thought that trump jobs economy dow jones. His supporters told me that.
--- Who can @ Mention me? -Nobody- ... Copied to Clipboard!
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Odoylerules 06/10/20 4:15:31 PM #3: |
Machete posted...
But I thought that trump jobs economy dow jones. His supporters told me that.its fuckin liberal ANTIFAspiracy, bro! wake up, sheeple!! ... Copied to Clipboard!
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SK8T3R215 06/10/20 4:33:31 PM #4: |
I really don't think the election is the main factor influencing the stock market these last few months...
--- New York Knicks, New York Jets, New York Yankees. ... Copied to Clipboard!
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Odoylerules 06/10/20 4:36:18 PM #5: |
SK8T3R215 posted...
I really don't think the election is the main factor influencing the stock market these last few months...thats not the point they are making ... Copied to Clipboard!
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SK8T3R215 06/10/20 4:45:38 PM #6: |
Odoylerules posted...
thats not the point they are making They're saying there's a direct correlation between the election odds and the market direction that suddenly changed. I'm saying I don't see that correlation being causation over the last few months because the market had reacted to the effects of the coronavirus on the economy and actions to mitigate that much more... --- New York Knicks, New York Jets, New York Yankees. ... Copied to Clipboard!
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Mumble_ 06/10/20 4:47:07 PM #7: |
That's because nobody actually believes that Biden stands a chance.
--- <cite>Perfection</cite> is perfected. ... Copied to Clipboard!
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