As the presidential elections approach rapidly, there is a measurable shift approaching in our economy. Here’s our predictions for how it will play out.
On November 3rd, 2020 1 of the following scenarios will play out.
If Trump is elected we predict a doubling down in the market. Those who’ve experienced an economic increase during the past 4 years, will most likely look positively on the impact of Trump being re-elected. We anticipate a boom in the stock market. How long that boom lasts we cannot be sure but its worth considering.
If Biden is elected we anticipate a decline in the stock market while the dust of uncertainty of a new administration settles. Once this settling period is over, we do anticipate a very slow incline in stocks. Most likely over the course of 18 months, we will see the market increase, delayed only by the democratic plan to slowly open the economy back up.
Regardless of your political views – one thing is certain – we are in for a considerable change in the economy. It’s worth considering your financial options as we approach the election. Worried about the uncertainty of these outcomes? Consider pulling out the money you have in the banks or stocks out as cash. Cash is king in an uncertain market. Do you have checks that you haven’t deposited? Deposit your checks and hold on to that cash. Our services give you the power to do so!
Stay educated by keeping up with whats happening in this political climate – but also follow your heart.