The big day is almost upon us: inauguration day. The election and all of its drama will finally be over as the White House changes hands — which means we need to look at stocks to trade under Biden.
On Jan. 20, President-elect Joe Biden will become the 46th president of the United States. The stock market is already showing some nervousness as the Democrats get ready to take over.
That’s why I sat down with trading experts Roger Scott, James West, Adam Sarhan and Jeff Yastine to talk about what we expect from 2021 and our recommendation for stocks to trade under Biden.
Right now, the country seems to believe there will be a post-inauguration honeymoon, expecting a lot of this chaos to go away. But we know that’s not how this works.
The name to look out for, however, is former Federal Reserve Chair and soon-to-be Secretary of the Treasury Janet Yellen. She’s more of a “big swinger,” for lack of a better term, and it will be interesting to see what she has to say and what she will sign off on.
What We Recommend: Stocks to Trade Under Biden
We know that Democrats tend to favor more regulations, and that is what has the stock market on edge.
Right now, there’s something else that’s weighing on things even more than a new administration. We likely won’t see the true impact of Biden’s presidency for a few months as we see how this pandemic progresses and get through this honeymoon phase.
However, with all this uncertainty in a geopolitical sense, we do agree on something: It’s a fool’s game trying to guess what is going to happen in the macro.
Luckily, there is one sector that is trading outside of those politics.
So sit down with us as we reveal some stocks to trade under Biden and talk about our expectations for the pandemic and the rest of this year.
Please send me your trading questions at jeff@joyofthetrade.com and subscribe to my YouTube channel for my latest.
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