JPMORGAN: The best case scenario for stocks is a Biden presidency with a Republican Senate
analysts laid out which 2020 election scenarios would best serve the US stock market.
Yet a full Democratic sweep of the Senate with a Biden win would bring markets' worst-case scenario, as the party would likely usher in new industry regulations alongside corporate and capital gains tax hikes, the bank said. A Biden presidency with a divided government would do away with Trump's"randomly-timed disruptions from foreign/trade policy" while keeping his market-friendly economic policies, JPMorgan wrote.
Prediction markets currently give Biden a one-point lead over Trump after the former vice president notched striking victories through Super Tuesday. While polls in swing states favor Biden over Trump, the margin of error remains wide enough to render the race too close to call, JPMorgan said.
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