US STOCKS WALL SET TO BOUNCED ON JOE BIDEN VICTORY BETS 2020, STIMULUS HOPES, US stocks bounced on Tuesday as investors bet that one amongst the nation’s most disruptive official races would end with a transparent victory for Democratic candidate Joe Biden and a quick arrangement on more fiscal stimulus hopes
CONSISTENT VICTORY OF JOE BIDEN IN NATIONAL POLLS AND STIMULUS HOPES:
The steady lead for Biden in national election 2020 has raised any expectations of an unequivocal result in Tuesday’s election. Investigators and portfolio directors stated, even as the two missions are planning for post-election disputes.
STIMULUS HOPES AND MARKETS PREDICTION:
According to market’s prediction, Democrats are likewise preferred to rise up out of 14 fervently challenged US Senate races with full control of Congress in Tuesday’s political race, and final result of at least five contestants may not be available for couple of days and in some cases for months. But the result might be changed if the Donald Trump score 270 electoral college votes, than he will live in the White House for the next four years.
STIMULUS HOPES AND DONALD TRUMP:
The stock market got a boost when the president of the united states tweet “Covid Relief Negotiation is moving along. Go Big!
According to al Jazeera news, the White House is going to prepare a 1.8$ trillion stimulus proposal as a corona relief fund. in addition to this, Donald Trump said in an interview, that he would like to give a bigger stimulus proposal than the other republican or democrats are offering.
US stock get sharply when the president of the United States, Donald Trump said that he called off a negotiation with democrats until the election of 2020. But the stock market bounced back on that day when Trump urged congress and give 1200$ checks for individuals.
UNEMPLOYMENT DUE TO CORONA VIRUS:
According to the Labor Department, the number of jobs less in the US is about 20,000. Delta Air Lines, America Air Lines, and United Air Lines all are finished and they are hoping for a bigger stimulus package for their industry.
As we all know that, Joe Biden is consistently winning in national polls 2020. According to the BBC report, there is 53% chance of Joe Biden to live in the White House for the next four years. American’s are losing confidence in Trump’s handling of Covid 19 pandemic.
The investors are saying that, “the Joe Biden victory means the bigger stimulus package”