Biden decided not to run for president anymore, and some people who study the stock market think this will make the stocks go up and down a lot. Some people also think that if Harris, the person Biden wants to take his place, becomes president, it might be harder for some companies that make medicine to make money. But other people think that if Harris becomes president, it will be good for companies that help put ads on the internet. Read from source...
- Biden's exit from the race may boost spending on political advertising, analyst says: inconsistency
- Investors exhibited "the same amount of discomfort" talking about the election as "one might feel by staring at the sun for too long": exaggeration
- How the stock market will react to Biden’s historic decision “remains to be seen”: vague
- RBC analyst Brian Abrahams said, “In the past, [Harris] has supported initiatives such as Medicare for All (more expanse than the current Affordable Care Act),” he added. “While this concept could broaden utilization, a vice president could have more leverage to negotiate drug prices and manage formularies”: speculation
- Pepperstone analyst Michael Brown expects the change in the presidential race to cause volatility across asset classes: vague
- The U.S. dollar may weaken as the possibility of the “Trump trade” unwinds and the prospects of a Democratic victory increased: speculation
- Brown predicted that stocks will fall in the near term, those declines should be viewed as medium-term buying opportunities, since the Federal Reserve is still expected to cut rates: contradiction
- Image: Shutterstock: irrelevant
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