Biden vs. Trump: We’re In the Home Stretch!

It’s time for another Friday wrap-up here at Joy of the Trade. And with the final presidential debate airing Thursday night, the timing could not be better!

Folks, We’re In The Home Stretch!

I imagine a good portion of you watched or read about the final presidential debate that aired Thursday night. This is a sign that we are finally in the home stretch of this election cycle! Now at this point you might be wondering what the key takeaway from the debate was. 

The answer is… not much.

Most people have already made up their minds as to who they want to vote for. Those few remaining undecided voters couldn’t have learned all that much from the debate. In the end, viewers saw what they WANTED to see.

I’m not here to tell you who to vote for, but I do want to stress the importance of voting. Make sure your voice is heard!

If we take a look at the stock market as we enter the home stretch of this election, we see it has yet to pick a definitive winner. There are Trump stocks going up right now even though he finds himself, once again, the projected loser. 

Sound familiar?

Most investors feel that if we see a Biden win, then industries in the green energy market will do well while others struggle. If we see another Trump win, many are betting on oil and financial stocks taking off as the general train of thought is Trump is good for Wall Street. 

Particularly since Biden plans to raise corporate taxes, which  could have a negative impact on the economy. But with another four years of Trump comes another four years of uncertainty and political drama.

As we learned four years ago in the home stretch of the 2016 election, polls are a useful tool… but they aren’t the end all, be all and are wrong from time to time. In fact, despite recent polls, swing states are beginning to tighten up once again. It appears this election could be closer than 2016!

My advice is to read polls with an open mind. Watch the markets to get a better feelingof who will end up in the White House for the next four years.

Today, we once again combine the market and politics as we discuss the effects each candidate could have on certain individual sectors. We’re also reviewing new charts today, including new Russell 2000 and 10-ear yield updates. Hopefully this will help you prepare for whatever result we end up with come Nov. 3.

I can’t stop talking about these crazy gains that Wall Street expert Adam Sarhan revealed. 

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