So, a showdown between Trump and Biden is set for Tuesday evening when the two political heavyweights face off in the first of three televised debate. It seems that investors are anxiously waiting to see who might come out on top in the first encounter.
Oh really?
Do investors care who wins? Traders might. Political commentators might. But serious investors probably don’t give a flying fig.
Nevertheless, some stock market pundits reckon that if Trump should gain the upper hand in the debates, then it could give him an advantage in the November election. If he should win, then those corporate tax cuts that were put in place in 2017 would be safe. They also reckon that Trump would continue to pick a fight with China….
…. Oh, and before I forget, more infrastructure spending could be in the offing. And on that point, how is that “wall with Mexico” coming along?...