Equity Markets have been on a consolidation level ever since reaching their all-time high level back in September. This extended uptrend came after the Corona Virus Market crash and adjusted ever since the 23rd of March 2020.
Back in 2016, Trump won the presidential race against his tough opponent, Hillary Clinton. When the results were announced, reactions were mental from the democratic people, signaling a failed state. On the contrary, the US stock market recorded huge gains and markets were all up for the day and kept on an uptrend, all until the recent Covid-19 crash.
Donald Trump is known to be corporate-friendly, meaning he lowers the taxes on corporations for them to be able to expand and employ more Americans. Companies love the Donald. He doesn’t care about the environment, thus he doesn’t impose any Green Sanction, which usually comes at a very high cost. That’s why stock markets should go up if Donald Trump wins the 2020 US elections.
On another hand, a Biden win would most probably cause a stall in the stock market in the long run. More corporate taxes will be imposed, Green Sanctions and US companies will look to incorporate elsewhere.
That's all in theory...we'll keep a close lookout on how the markets react, that's when the results are finally announced with all the mail in drama.
More on this in relation to cryptocurrencies: cryptoticker.io/en/t...ffect-your-bitcoins/
Back in 2016, Trump won the presidential race against his tough opponent, Hillary Clinton. When the results were announced, reactions were mental from the democratic people, signaling a failed state. On the contrary, the US stock market recorded huge gains and markets were all up for the day and kept on an uptrend, all until the recent Covid-19 crash.
Donald Trump is known to be corporate-friendly, meaning he lowers the taxes on corporations for them to be able to expand and employ more Americans. Companies love the Donald. He doesn’t care about the environment, thus he doesn’t impose any Green Sanction, which usually comes at a very high cost. That’s why stock markets should go up if Donald Trump wins the 2020 US elections.
On another hand, a Biden win would most probably cause a stall in the stock market in the long run. More corporate taxes will be imposed, Green Sanctions and US companies will look to incorporate elsewhere.
That's all in theory...we'll keep a close lookout on how the markets react, that's when the results are finally announced with all the mail in drama.
More on this in relation to cryptocurrencies: cryptoticker.io/en/t...ffect-your-bitcoins/