With all of the uncertainty of the 2020 elections, why buy stock today? Plus, car and truck sales trending up. And, depending on election results, what might happen with economic policy during the rest of this year.
Many investors expect a “Democratic sweep, which is the key to unlocking Congress’s ability to deliver significant fiscal stimulus,” said Stephen Innes of Axi in a report.
And markets had a good day, Monday, too. Susan Schmidt, head of U.S. equities at Aviva Investors, says that what the market is showing is that “it’s confident that tonight, or certainly by tomorrow, there will be a clear winner, and it’s not as worried about a contested or prolonged decision-making time in this election as it might have been previously.”
Analysts predict the outcome of the election will play a key role in what legislation makes it through the legislative process before the end of this year.
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