Biden's victory to eliminate uncertainty in markets
21:50
President-elect Joe Biden will provide a boost to the global stock markets and the US and global economy, says Nigel Green, CEO and founder of deVere Group, an investment advisory firm that today has around 80,000 customers with $ 0 billion in their pockets.
Green believes Biden's victory will eliminate the uncertainty the markets hate. The uncertainties Green had in mind include the fact that during the presidency of Donald Trump there were tensions in trade with China, an attempt to "unsubscribe" the US from the World Health Organization or the withdrawal from the Paris Agreement.
An additional advantage will be the post-pandemic injection of cash for the economy.
“Biden will have to work with the Republican-led Senate to provide a fiscal stimulus to bolster the economy. He may have a hard time getting the $3 trillion demanded by the Democrats, but will likely reach some sort of compromise,” Green says.
This will stimulate the markets – sustainable, long-term growth in the United States will have a positive effect on related economies.
