STOCK MARKET MAY DROP 20% IF BIDEN PLAN ENACTED BUT THESE TWO FACTORS MAY CAUSE NEW HIGHS $AAPL $AMZN $CGC $CNC $DIA $DJIA $DIA $GOOG $MSFT $TSLA
While momentum investors are increasingly focused on ever-higher stock prices, prudent investors should start focusing on the presidential election.
Democratic front-runner Joe Biden released his “Buy American” economic plan to challenge President Trump. Still, investors need to ask how Biden would pay for the plan. He could take away Trump’s tax cuts for corporations and the rich. But Biden and Trump might also share a strategy: Borrow more and influence the Federal Reserve to print more money.
Readers know that I am politically agnostic. My sole job is to help investors. Let’s explore the issue with the help of a chart.
July 10, 2020