A blue wave would make passing legislation–including a highly awaited second stimulus bill–much easier, which could bolster economic growth, but not all industries would necessarily benefit. Former Vice President and Democratic Presidential Nominee Joe Biden and his Democratic Vice ... [+] Presidential Nominee Kamala Harris outside the Chase Center in Wilmington, Delaware, at the conclusion of the Democratic National Convention. Trump's odds of winning fell to their lowest point since Biden clinched the Democratic presidential nomination in June. Key BackgroundWall Street experts, including StoneX strategist Vincent Deluard, have been predicting a blue wave for months, as polls increasingly point to waning support for President Trump. "This would counterbalance proposals for increased taxation, and we anticipate a blue wave would be neutral for markets overall."

Source: Forbes October 08, 2020 00:25 UTC