US Elections: Can stimulus shield markets from 'blue wave' tax tsunami?

Implications of a possible Democratic sweep

clock • 1 min read

Just days out from one of the most antagonistic elections in US history, polling suggests the Democrat party is poised to capture the presidency and both houses of Congress – which is being referred to as the 'blue wave'.

Just days out from one of the most antagonistic elections in US history, polling suggests the Democrat party is poised to capture the presidency and both houses of Congress - which is being referred to as the 'blue wave'. While a House of Representatives victory is generally expected, polling group FiveThirtyEight gives Biden an 87% chance of victory over incumbent Donald Trump, while the Democrats have a 74% chance of controlling the Senate. Although a blue wave would almost certainly lead to additional personal and corporate taxes, it would also likely bring significantly higher sti...

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