A Joe Biden win in November’s US Election is a "foregone conclusion" given "diabolical" economic fundamentals under incumbent President Donald Trump, according to some industry commentators, while others have branded the Democratic candidate as a "fuddy duddy" who is unlikely to win over the US general public, warning his Presidency would lead to higher corporate taxes and increasing regulatory scrutiny of the mega-cap tech stocks.
This comes less than eight weeks before the polls take place, with the former Vice-President currently at a seven-point lead relative to the incumbent President, according to an average of national polls by FiveThirtyEight. David Absolon, investment director at Heartwood Investment Management, pointed out only three presidents have been "overwhelmingly re-elected" in modern history: Richard Nixon, Bill Clinton and Ronald Reagan. Should investors avoid US healthcare stocks in an election year? He said each had "solid" positive net approval ratings at 17.7%, 16.1% and 15.3%. At time ...
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