New York (CNN Business)The presidential election is only two months away and the stock market is soaring.
In theory, that should bode well for President Trump since a bull market has historically benefited the incumbent. But Trump is trailing Democratic challenger Joe Biden in many head-to-head national polls.
Although the market's sharp rebound since March could be viewed as a sign that investors expect the coronavirus-induced recession to be brief, you need to dig deeper and look at how the recovery is unfolding.
It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market — as well as a portfolio of stocks that might benefit from a second Trump term.
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WNU Editor: I wish I could place a bet with the above CNN writer on what the stock market will look like after the election. Bottom line. Joe Biden is not the reason why the stock market is booming.
Ahh CNN,
ReplyDeleteGreat moments in self-awareness1
WNU,
ReplyDeleteYou are invited on Russian shows for you perspective. Why not pitch those appearance to CNN to get onto CNN live prime time to give your perspective. While on live ask if or when the CNN host parrots the writers point (maybe after some careful steering of the conversation), hit the anchor with the challenge. They will take you up on it or they will gape like a fish out of water. That latter look would be priceless. Should be easy for you, you can think and speak in 3 languages. A CNN drone can think and speak in only two, English and BS.
However the polls are tightening in Trump's favor, so that doesn’t really work. But don’t tell that to the illiterates at CNN
ReplyDeleteFAIL,
R,
Wow, I didn't know they made BS of this caliber...
ReplyDeleteI'm sure the "Mouth and/or Clerk" will be here soon to explain this rather surprising development.
ReplyDeleteCNN.....
ReplyDelete