economy. Biden and Yellen are both committed to supporting growth and jobs. With a Democratic majority in the Senate, more fiscal stimulus will be forthcoming, which should support growth and help to offset the near-term impact of the pandemic.”
However, some investors are concerned about potential tax increases and regulatory changes under the new administration.
Conclusion
The impact of a Joe Biden presidency on markets remains to be seen, but the initial responses have been positive. With the Democrats now controlling Congress, there is potential for significant changes in fiscal policy which could benefit certain industries and sectors.
As always, it is important for investors to remain cautious and keep a close eye on any developments in the coming months.