4 Stocks to Sell if Joe Biden Becomes President
The 2020 U.S. presidential election is setting up to be one of the most contentious in history.
In a year characterized by a pandemic that's killed more than 200,000 Americans, an economic crash and recession, social unrest as bad as anything in 50 years, and now a fight over a Supreme Court nomination just weeks before the election, it seems that anything could happen on Nov. 3.
Perhaps because of these issues (or for other reasons), former Vice President Joe Biden is leading in many polls and many say he has a strong chance to win the election and replace President Donald Trump in office. Investors can't ignore the influence of changing political leadership on the economy and on stocks, nor should they forget that the stock market often tends to be volatile around elections. In 2016, for example, several stocks initially sunk on news of Trump's victory, but then rallied strongly through Inauguration Day in early 2017.
Source Fool.com