This section of What’s Forward examines why stocks are doing nicely whereas the polls present that the Democrats will sweep subsequent month’s elections. What provides?
Joe Biden is advocating economy-crushing tax will increase and rules. His proposed capital positive factors levy would whack the value of stocks in 401(ok)s and IRAs.
The market tries to anticipate the longer term. If clouds are looming on the horizon, stocks will go down. But equities are doing nicely.
What we’ve got right here is the market betting that the polls are much more off-base than they have been in 2016.
Given the nonstop wave of stunning occasions we’ve been experiencing, who’s to say the market is improper?