Under Biden (esp if Dems control House, Senate), healthcare investments will go up, as more people will become insured; infrastructure will also get better; there will be more international investment in US, particularly in startups; stock market will rise in a meaningful way.
There will be fewer rash trade wars and tariffs and more economic stability overall under Biden; under Trump the stock market was marked by aggressive choppiness and capital flight, despite massive bailouts. Or as Trump himself put it:
Obama-Biden period was the golden age for US tech startups with many companies coming of age due to White House incentives plus influx of overseas talent (which is helping boost US stock market now): Slack, Uber, Lyft, Airbnb, DoorDash, Instacart, Twitter, Facebook, Instagram…
Trump’s “booming stock market” is largely powered by tech giants (mostly based in California, Washington and New York) that launched under Obama-Biden, Clinton and GW Bush. Try to imagine the US stock market and overall US economic condition without these companies.
Companies that launched in the Clinton and Obama era continuing to outperform the rest and are propping up the stock market rally. Probably irks Trump that an Amazon, Google, or a Netflix didn’t launch on his watch.
You can follow @Khanoisseur.
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