Biden wants to take the stock market to places Trump couldn’t
The incoming president’s plans for the economy have investors excited
Boosted by the best stock market performance between Election Day and Inauguration Day in more than five decades, President-elect Joe Biden is set to inherit the largest U.S. stock market on record when he takes office today.
The incoming US president however doesn’t plan to slow his roll and has promised to unleash a mouth-watering $1.9 trillion stimulus plan. This prospect has several investors on Wall Street excited with many citing that historically speaking, the economy and stock market always does better with Democrats in control.
However, it won’t be a walk in the park. Biden enters the White House under very strange circumstances and faces the uphill task of dragging the country out of a raging pandemic while reuniting a deeply divided nation.