There are salient policy differences between the presidential candidates in the 2020 US. election that could have important implications for investors. Political races further down the ticket are significant, too, as the balance of power in the Senate will influence the extent to which the next president, whether it is Democrat Joe Biden or incumbent Republican Donald Trump, can accomplish his agenda.
Investor anxieties about politics are running high in an election year already fraught with tension amid the economic damage from the coronavirus pandemic, which triggered enormous market swings earlier in 2020. However, David Eiswert, portfolio manager of the Global Focused Growth Equity Strategy, contends that many post election policy and regulatory risks “came off the table” after Biden, considered more of a moderate Democrat compared with his chief competitors, emerged as his party’s presidential nominee.