Dow futures climb 150 points after Biden defeats Trump for White House

[Crtcl Rice Theory 2,432]

https://www.usatoday.com/story/money/markets/2020/11/08/biden-dow-futures-election-results-stock-market-stimulus/6216110002/

 

 

Dow futures climb 150 points after Biden defeats Trump for White House

Jessica Menton

USA TODAY

 

U.S. stock futures added to their post-election gains on Sunday evening after Democrat Joe Biden defeated incumbent Donald Trump in the U.S. presidential election.

Futures for the Dow Jones industrial average climbed 150 points, and S&P 500 futures rose 0.5%. 

The broad S&P 500 index soared 7.3% last week, its best weekly gain since April, fueled by gains in Big Tech stocks on the potential for more gridlock in Washington. With Congress likely to remain split between Democrats and Republicans, that raised investors’ expectations that business-friendly policies may stick around, regardless of who holds the presidency.

[Prizm123 1,086]

yay for my 401k

[Dashinka 24,736]

Many people are speculating that this is primarily due to the assumption that the GOP would retain power in the Senate.  If this is the case, things could change significantly in early January.

[Nitas_man 3,100]

29 minutes ago, Dashinka said:

Many people are speculating that this is primarily due to the assumption that the GOP would retain power in the Senate.  If this is the case, things could change significantly in early January.

May be the market is expecting their unending thirst for more stimulus to be quenched

 

It isn’t healthy right now and hasn’t been for a couple of years.

[Dashinka 24,736]

11 minutes ago, Nitas_man said:

May be the market is expecting their unending thirst for more stimulus to be quenched

 

It isn’t healthy right now and hasn’t been for a couple of years.

Yep, I expect the Congress will spend a lot more money they don't have, and Joe certainly will not block it.  I believe Mitch is even softening on money to bail out the blue states that were in the ditch way before Covid ever hit.

[abum 324]

3 hours ago, Nitas_man said:

May be the market is expecting their unending thirst for more stimulus to be quenched

 

It isn’t healthy right now and hasn’t been for a couple of years.

But then for the next 4 years, the market will be hearing about National Debt consistently from these people.

 

 

[Dashinka 24,736]

15 minutes ago, abum said:

But then for the next 4 years, the market will be hearing about National Debt consistently from these people.

 

 

There may be a few pundits doing this, but in the end that will be about it as no one seems to care about the national debt anymore.

[abum 324]

20 minutes ago, Dashinka said:

There may be a few pundits doing this, but in the end that will be about it as no one seems to care about the national debt anymore.

Oh i am willing to see that, this National Debt issue has been a constant issue during Obama. I think i could recall some GOP senators and the House rep complaining about the ceiling lol. 

but all went silent (no longer a big deal) in the last 4 years, especially with the tax cut that is projected to increase the debt to how many trillions already (but not surprising, the same people who complained about it went silent in the last 4 years)

[Dashinka 24,736]

4 minutes ago, abum said:

Oh i am willing to see that, this National Debt issue has been a constant issue during Obama. I think i could recall some GOP senators and the House rep complaining about the ceiling lol. 

but all went silent (no longer a big deal) in the last 4 years, especially with the tax cut that is projected to increase the debt to how many trillions already (but not surprising, the same people who complained about it went silent in the last 4 years)

Yeah, there was some of that during the Obama years, but it was way less than what we saw during the previous Administrations and Congress.  Again there will be punditry about this, but in the end, we will keep spending and borrowing especially if any of the Leftist proposals are adopted.  It is interesting that the young people that will be paying for this will be mostly in favor of it.

[Crtcl Rice Theory 2,432]

6 hours ago, abum said:

Oh i am willing to see that, this National Debt issue has been a constant issue during Obama. I think i could recall some GOP senators and the House rep complaining about the ceiling lol. 

but all went silent (no longer a big deal) in the last 4 years, especially with the tax cut that is projected to increase the debt to how many trillions already (but not surprising, the same people who complained about it went silent in the last 4 years)

I don't care about so much about the hypocrisy of the debt, but the fact that they took the money and just stuck in their pocket and did nothing to improve the infrastructure of this country.  Like my old boss used to say, I don't mind getting (censored), but I want to be kissed now and then.

[Nitas_man 3,100]

40 minutes ago, CanAm1980 said:

I don't care about so much about the hypocrisy of the debt, but the fact that they took the money and just stuck in their pocket and did nothing to improve the infrastructure of this country.  Like my old boss used to say, I don't mind getting (censored), but I want to be kissed now and then.

ROFL

[Steeleballz 7,550]

 

   I think the market doesn't like uncertainty. It's reacting to more to the election being over than it's reacting to who won the election. I think the prospect of Covid vaccines on the horizon are also a positive factor, as it should finally get things tracking back towards normalcy (economically).

[Nature Boy 2.0 8,378]

3 hours ago, Steeleballz said:

 

   I think the market doesn't like uncertainty. It's reacting to more to the election being over than it's reacting to who won the election. I think the prospect of Covid vaccines on the horizon are also a positive factor, as it should finally get things tracking back towards normalcy (economically).

You do realize that with the recent overwhelming outbreak of extreme MDL travelers the Demographics have shifted and you are now middle of the road statically  and I am fighting to stay in my lane.

[Crtcl Rice Theory 2,432]

3 hours ago, Steeleballz said:

 

   I think the market doesn't like uncertainty. It's reacting to more to the election being over than it's reacting to who won the election. I think the prospect of Covid vaccines on the horizon are also a positive factor, as it should finally get things tracking back towards normalcy (economically).

Today's increase was mostly about the vaccine. The stocks that rose were the "real" economy. The ones that fell were "covid" stocks Zoom, Netflix etc.

[Orangesapples 1,954]

13 hours ago, Dashinka said:

Yeah, there was some of that during the Obama years, but it was way less than what we saw during the previous Administrations and Congress.  Again there will be punditry about this, but in the end, we will keep spending and borrowing especially if any of the Leftist proposals are adopted.  It is interesting that the young people that will be paying for this will be mostly in favor of it.

Young people are also in favor of increasing taxes for the rich. So this will obviously bring revenue.