Market Focus Starts to Turn Toward Biden Victory, Analysts Say
- Biden may not ‘be so bad,’ Vital Knowledge’s Crisafulli says
- S&P 500 climbed for a fifth day, reaching highest in a month
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A number of analysts are highlighting fresh investor interest in the implications of Joe Biden beating Donald Trump in November.
Conversations with clients have begun to slowly shift toward what a Democratic sweep may mean, Compass Point’s managing director for policy research Isaac Boltansky wrote in a note. Market participants will probably feel compelled to consider the policy implications at the end of this month or early August at the latest, as company earnings reports ebb and investors increasingly assess second-half 2020 themes, he said.