Asset Management

‘Biden won’t be bad for markets’: Why Wall Street investors are warming to a ‘Blue wave’

Analysts and fund managers predict a Democrat victory in the US elections next month could spur a period of significant economic growth

Democratic presidential nominee and former Vice President Joe Biden
Democratic presidential nominee and former Vice President Joe Biden Photo: Roberto Schmidt/Getty Images

Investors are warming to the idea of a Joe Biden presidency, with analysts and fund managers saying that a broad Democrat victory in the US elections next month could spur a period of significant economic growth.

Polls currently have Democrat nominee Biden ahead of US President Donald Trump, indicating the incumbent is trailing his opponent by about 8 percentage points. It is a shift from last week, before the president’s debate performance against Biden and news of Trump’s Covid-19 infection.

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