If Joe Biden is elected president, expect turbulence in the stock market. Between now and Jan. 20, when Mr. Biden would move into the White House, stocks could easily drop 10%. Over a four-year Biden term, however, there is reason to believe that the total return on stocks, including reinvested dividends, will average about 10% a year, as they have for nearly a century. It’s even possible that U.S. investors will enjoy annual stock returns of 15% or better during a Biden administration.

Source: Wall Street Journal August 10, 2020 22:41 UTC