Wall Street investors are increasingly confident in a victory for Democrat presidential candidate Joe Biden, Axios reports, as they cheer a “blue wave” on November 3 against President Trump.
A report by Axios’s Mike Allen titled “Wall Street feels bullish on Biden” notes analysis by a number of the nation’s largest banks that suggests financial investors are looking to a Biden victory, with his running mate Sen. Kamala Harris (D-CA), for a return to an economic status quo.
Joe Biden’s widening lead in polls is providing a bullish cue to investment strategists: Wall Street now sees less chance of a contested election and more chance of a “blue wave” — Democrats taking the House, Senate and White House — and the hearty stimulus that could follow. [Emphasis added]
As mentioned, analysis by JPMorgan Chase stated that Biden’s “multilateral approach” to trade with China would provide more