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Depth Charge And The Biden Affair
Markets continued their wild ride on Wednesday, as US equities surged, ostensibly on Joe Biden's strong Super Tuesday performance. Things were helped along by news that Republicans and Democrats came to terms on an ~$8 billion emergency spending bill (embedded in full below) to fund the government’s response to the COVID-19 outbreak.
To be sure, investors are relieved to see the odds on the Democratic nomination swing dramatically back in favor of a centrist - a "status quo" candidate, as it
Eight billions seems paltry compared to the trillions lost at the margin. 200 billion would be noticed
As a frustrated R I will gladly take an adult President Biden with rational thinking and stability over the childlike (age 3) trump. Confidence in a Biden admin could add several mult points to stocks while biz invest would grow offset by slightly higher taxes.
I will gladly take that.