3 Dividend Stocks to Buy if Joe Biden Wins the Election
Despite all the media attention devoted to the impact of presidential candidates on the stock market, history shows there is little impact. A 2004 study by the Federal Reserve found no significant correlation in either risk or return across presidential cycles. The information the market represents is far too complex for one variable to drive the outcome.
Although the stock market is not predictable, occasionally there are trends or policy considerations that can affect certain industries. Even those prognostications are risky. Some citizens who thought an Obama administration would work to undermine the Second Amendment raced to buy firearms when he was elected and kept purchasing for eight years. Meanwhile, expanding healthcare coverage to tens of millions of Americans led to a sharp increase in both patients and screenings for hospital systems across the country.
On the other hand, proponents of renewable energy feared a Trump administration skeptical of climate change and dedicated to reviving fossil fuels would stunt the growth of wind, solar, and hydroelectric power. Instead, renewable energy consumption surpassed coal this year, and grew from 15.6% of electricity generation in 2016 to 17.5% in 2019.
Source Fool.com
