5 Growth Stocks to Buy for a Biden Bull Market
Change is coming to Washington. Earlier this month, Americans went to their local voting booths or mailed in their ballots and elected Democratic Party challenger Joe Biden as the 46th President of the United States.
Generally, a new president, especially one from the opposite political party of a sitting president, would imply that big changes are imminent. But that may not prove to be the case. With a greater than 50-50 probability that the Senate will remain under Republican control after two runoff elections in Georgia, gridlock in Congress would lead to a continuation of the status quo on Capitol Hill. This would mean no corporate, individual, or capital gains tax hikes.
A Biden presidency will also increase the likelihood of a second round of federal stimulus getting passed. When coupled with the Federal Reserve's ultra-dovish monetary policy that's intent on keeping interest rates near historic lows, the table is set for equities, and especially growth stocks, to thrive.
Source Fool.com
