Biden’s Win and its Effect on the Financial Markets

The entire world let out a sign of relief as the results of the US presidential elections were finally announced on November 7th, with Joe Biden emerging as the winner. The only question now was whether investors shared the same sense of relief or if Trump’s bold statement about the “stock market crashing like never before, if he didn’t win” was going to occur.

The US presidential election: What impact on financial markets?

Investors’ greatest fear going into this year’s American presidential election is to see the 2000 election’s scenario and its impact on the financial markets repeat itself. Back then, George W. Bush and Al Gore fought over votes in Florida, which ultimately led to an intervention of the United States Supreme Court; subsequently, the S&P 500 index had … Continue reading The US presidential election: What impact on financial markets?