Brainwashing everywhere. Mind you each and everyday these pundits search for a headline as to why stocks went up and why they went down. Here's their latest scam. It's because of a decisive Biden win. Marketwatch is a CBS garbage platform. Obvious bullshit but annoying as all hell.
Stocks are rallying because fears of a contested election are fading.
โThe most convincing explanation in our view isnโt so much the likely outcome of the election itself, but rather speculation as to the increasing clarity of the result,โ said analysts at Rabobank.
Before polls were showing a significant lead by Democratic candidate Joe Biden, investors worried that the large amount of mail-in voting could mean an election result that remains known until days after Nov. 3. The ensuing political uncertainty could keep markets on edge for days.
But a larger margin of victory, if Biden is elected, likely would mean a result will be an announced on the day of the election, a boost to risk assets that were pricing in elevated volatility in the days and weeks after the election.
https://www.marketwatch.com/story/stocks-are-rallying-because-fears-of-a-contested-election-are-fading-11602178345?mod=home-page