{"id":468761,"date":"2020-11-03T13:23:20","date_gmt":"2020-11-03T12:23:20","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468761"},"modified":"2020-11-03T13:23:20","modified_gmt":"2020-11-03T12:23:20","slug":"us-presidential-elections-wall-street-has-already-voted","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/11\/03\/us-presidential-elections-wall-street-has-already-voted\/","title":{"rendered":"US presidential elections: Wall Street has already voted"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Wall Street widely speculated Monday, betting on a probable victory for Joe Biden. At the opening of the meeting, the headlines flew for an insane 30 minutes during which rumors of the Democratic candidate&#8217;s \u201cbig win\u201d spread like wildfire. The Democratic candidate is promising a $ 2.2 trillion stimulus package.<\/p>\n<p>The S &amp; P500 gained this Monday + 1.23% to 3.310 and ends close to its opening levels, the Dow Jones stands out with + 1.6% (0.6% better than the opening, and its best performance since October 7), the Nasdaq is content with + 0.4% but posted -0.4% 2 hours from the close after more than 1.5% shortly after the opening.<\/p>\n<p>The scenario of a victory for Democratic candidate Joe Biden &#8211; who has strengthened his lead in the polls in recent weeks &#8211; remains the scenario favored by the markets, but the crucial question is the &#8216;sincerity&#8217; of the ballot in the &#8216;swing states &#8216;(these states which decide the fate of the elections) where the scores could appear tight, which could push Donald Trump to demand recounts, or arbitration of the Supreme Court (which is now all given to him, at 6 against 3) . And Wall Street is hoping that whoever wins, he wins both Houses (the Senate is held by Republicans). A victory for Joe Biden would be less favorable to \u2018GAFAM\u2019 but more to industry and green \u2019stocks.<\/p>\n<p>Note that nearly 100 million Americans have already voted in advance. But for weeks Donald Trump has criticized this option, accusing it of promoting electoral fraud. The president is uncertain about what position he will take in the event of a defeat. &#8220;As soon as the election is over, our lawyers will be ready,&#8221; he added, however, raising the possibility of a long legal battle.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Wall Street widely speculated Monday, betting on a probable victory for Joe Biden. At the opening of the meeting, the headlines flew for an insane 30 minutes during which rumors of the Democratic candidate&#8217;s \u201cbig win\u201d spread like wildfire. The Democratic candidate is promising a $ 2.2 trillion stimulus package. The S &amp; P500 gained<\/p>\n","protected":false},"author":536282,"featured_media":468762,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,12046,12008],"tags":[16619,15969],"class_list":{"0":"post-468761","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-leaders-en","9":"category-stock-exchanges","10":"tag-us-presidential-elections","11":"tag-wall-street","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US presidential elections: Wall Street has already voted - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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