• Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact
    • Facebook
    • Instagram
    • Twitter

When Parents Text

When Parents Text

Get To Understand How The Recent US Presidential Elections Has Affected The Market

February 3, 2021 by Annie

Every four years, Americans embark on voting to determine their president. The United States of America citizens had their fifty-ninth presidential elections on 3rd November 2019. This election was fairly won by the democratic ticket, with Joe Biden as the US president and Kamala Harris as the vice president. Though the republican candidates had raised several concerns, it was evident that the democrats had won the elections. This election has had tremendous impacts on the US and global market because the US Presidential elections and the market are directly linked. It has also directly affected the laws, policies, and foreign relations of the country. With the new president Joe Biden taking office soon, he has the duty of appeal to both the Republicans as well as the Democrats.

The Performance of the Stock Market Now

It is expected that the stock market returns tend to be slightly lower for the next financial year, whereas bonds end up outperforming. This is influenced directly by the changes in the control of the White House. Analysts across the United States found out that the gains in the stock market averaged at 5%. On the other hand, if the same president was re-elected, these stock markets’ gains averaged at a slightly higher value of 6.5%.

As the new president elect, Joe Biden will control the senate to spearhead the changes in the policies of spending, taxes, and regulation. His leadership will bring short-term impacts on the market.

The Elections, COVID-19, and the Market

Covid-19 has been an international nuisance and has dramatically affected the market in the United States and across the globe. The pandemic has tackled a lot of industries, hindering every effort made by the government and business owners to revert things to normal. The elections in the United States were marked with a number of complaints from the republicans, which contributed to short-term volatility in their market.

The Market Impacts of Joe Biden’s Policy Stance on Major Issues

Joe Biden, the recently elected US president, is set to take over the White House in February. He is determined to put his policies to help uplift the economy and better citizens’ lives. His policy stance on the critical issues will affect the market this year.

He intends to invest in the fight against the Coronavirus pandemic by pumping $25 billion in the manufacturing and distribution of vaccines, and at the same time, improving the manufacturing and distribution of personal protective equipment (PPE). He also aims to advocate for local social distancing and other ways to reduce the spread of the coronavirus. President Biden has long-term plans to enable the US to be more independent when it comes to the capability to manufacture and sourcing PPEs, medicine, and other related materials to reduce its dependence on other nations. These measures will directly impact the US market. For instance, the pharmaceutical industries will be highly invested in to help develop vaccines for the virus, which will substantially increase their revenue. The same applies to the PPEs manufacturing companies, which will gain a considerable demand for the products.

Joe Biden also plans to get the US economy back on track. He intends to focus on reversing most of the tax laws signed into law by Donald Trump for wealthy people and corporations. He also plans to mitigate the recession that was induced by coronavirus by limiting his government agencies to buy goods and services mostly produced by their country to improve domestic manufacturing. This will go an extra mile in improving the economy and the hurting market.

The election of Joe Biden will see great efforts put forward to tackle climate change. For many years, climate change has been one of the biggest concerns across the world. Joe Biden intends to inject at least $2 trillion in this noble act. These funds are meant to improve clean technology, create jobs, make amendments in the automotive industry, and drive the United States back to the Paris Agreement.

Key Market Sectors Affected by the US Election

Healthcare is one of the significant sectors in every economy. It is a sector that is highly affected by election outcomes in the US. With Joe Biden as the new US president, a lot is expected to change. His policies will pressure the biotechnology and pharmaceutical industries because of a tougher stance on drug prices. This will likely weaken the health sector if not adequately managed.

Technology is yet another critical sector whose fate lies in the election results. Having won the elections, Joe Biden will spearhead the easing of restrictions imposed on technology-based industries such as Twitter by the Donald Trump administration.

Trade is a vital sector that generates revenue for the US government. Joe Biden and Donald Trump had conflicting approaches to trade matters as well as the engagement issue with China. Joe Biden’s win will see him use a diplomatic approach, such as using international organizations, e.g., the World Trade Organization, to change China’s trade practices. This will end the unilateral approach that was used by former President Donald Trump.

Taxes drive a country and are controlled by policies implemented by a government. Joe Biden promised not to increase taxes on citizens that earn less than $400,000 yearly. He will most likely need a Democratic Senate to help him enact his plans of increasing the statutory corporate tax from 21% to 28%. These would highly impact the market because it will affect a lot of investors’ businesses.

The US Presidential elections and the market is a large subject that needs a keen eye and sense to comprehend. The United States elections significantly affect the country’s market in enormous ways. It impacts the key government sectors such as healthcare, tax, trade, and technology. At the same time, it affects the handling of the global coronavirus pandemic, which is seriously harming the economy. Joe Biden’s win will see a lot of changes made, some of which are going to boost the economy and some of which are likely to hurt it a little more. 2021 is still young, and only time will tell how profound the elections’ impact will be on the US market.

 

About Me

Hi! I'm Annie and I have 3 kids (all in their teens - yikes!). My mommy blog isn't all about lunches and DIY - it's also about humour. Like how my kids make fun of my texts as if I don't know how to use emojis (I DO!). Now that I have a bit more time - since my kids don't want to hang out with me (teenagers), I have taken up blogging.

The Power of Fragrance: Choosing Scented Memory Candles for Comfort

September 28, 2023 By Annie

The Ease and Clarity of Uncontested Divorce Alabama’s Path to Resolution

September 26, 2023 By Annie

Raising a Puppy: Getting Started, The Best Trainers Near Me, and More

September 14, 2023 By Annie

Free Positive senior man in formal wear and eyeglasses hugging with young lady while sitting at table Stock Photo

9 Tips on Taking Care of Aging Parents

September 13, 2023 By Annie

How Do Extreme Sports Impact the Physical and Mental Health of Participants?

September 5, 2023 By Annie

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • Facebook
  • Twitter

The Power of Fragrance: Choosing Scented Memory Candles for Comfort
  • Life Style

The Power of Fragrance: Choosing Scented Memory Candles for Comfort

By Annie / September 28, 2023
It's incredible how powerful a single scent can be. The right aroma can bring you back to fond memories of...
Read More
The Ease and Clarity of Uncontested Divorce Alabama’s Path to Resolution
  • Life Style

The Ease and Clarity of Uncontested Divorce Alabama’s Path to Resolution

By Annie / September 26, 2023
Life often throws us curves, but when we're talking about the complex and emotional world of marriage dissolution, a straight...
Read More
Raising a Puppy: Getting Started, The Best Trainers Near Me, and More
  • Pets

Raising a Puppy: Getting Started, The Best Trainers Near Me, and More

By Annie / September 14, 2023
The best trainers possess the knowledge and skills needed to quickly teach your pup. They can show you how to...
Read More
9 Tips on Taking Care of Aging Parents
  • Health

9 Tips on Taking Care of Aging Parents

By Annie / September 13, 2023
The sunset years of life are supposed to be filled with the warm glow of golden memories, a time of...
Read More
How Do Extreme Sports Impact the Physical and Mental Health of Participants?
  • Health

How Do Extreme Sports Impact the Physical and Mental Health of Participants?

By Annie / September 5, 2023
Over the years, the boom in extreme sports has sparked big talk among doctors, athletes, and fans. Think about skydiving...
Read More
Unveiling the Aromatherapy Arsenal: Exploring the Marvels of Rare Essential Oils
  • Health

Unveiling the Aromatherapy Arsenal: Exploring the Marvels of Rare Essential Oils

By Annie / August 23, 2023
Amid the fragrant tapestry of essential oils, a realm of rare and exquisite elixirs awaits those who seek to delve...
Read More
The Class of 2023: Trendy and Meaningful Gifts for Newborns
  • Life Style

The Class of 2023: Trendy and Meaningful Gifts for Newborns

By Annie / August 21, 2023
Welcoming a new member into the world is a joyous occasion, and finding the perfect gift for a newborn born...
Read More
The Ultimate Guide To Accessorizing Your Outfits
  • Life Style

The Ultimate Guide To Accessorizing Your Outfits

By Annie / August 14, 2023
One of the most significant elements of completing any outfit is the art of accessorizing. The selection of the right...
Read More
Preparing Your House for Inspection
  • Tips

Preparing Your House for Inspection

By Annie / August 10, 2023
Home inspections are a crucial step in the real estate process, providing valuable insights into a property's condition and potential...
Read More
How To Give Your Bedroom a Makeover
  • Tips

How To Give Your Bedroom a Makeover

By Annie / August 9, 2023
Your bedroom is your sanctuary, the place where you wind down after a long day and wake up refreshed for...
Read More

About Us

Hi! I’m Annie and I have 3 kids (all in their teens – yikes!). My mommy blog isn’t all about lunches and DIY – it’s also about humour. Like how my kids make fun of my texts as if I don’t know how to use emojis (I DO!)... Read More…

When Parents Text

  • Home
  • About
  • Life Style
  • Family
  • Tips
  • Health
  • Business
  • Pets
  • Recipes
  • Contact

© 2023 · Pretty Creative WordPress Theme by, Pretty Darn Cute Design