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Biden, who is 77, would be 78 years and 61 days old when he takes the oath of office in 2021, should he prevail against Republican Trump. Harris is 55, and market participants may be viewing her as having a greater chance of eventually influencing financial market policy.
On Wednesday, less than 24 hours after the Harris’s selection by Biden, the stock market was climbing.
The gains weren’t because of Harris, to be sure, but market participants say that Biden’s selection, one that had been widely telegraphed, perhaps, eases fears of a candidate that could have been viewed as less market friendly, experts told MarketWatch.
Some analysts said that markets may have been heartened by Biden’s decision to not pick a progressive candidate like Massachusetts Sen. Elizabeth Warren, who is seen by some as a negative for stocks and the banking industry in particular.
originally posted by: FlyinHeadlock
Markets are doing well. 51% of Americans have money in it. They are making money. The other 49% who cares. That is how this will shake out. Close but he prevails. 51% is not giving that up. Not a chance.