11.9 Biden Candidate Victory and Market Reaction
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The Presidential Election and Market Reactions
In the early morning of 11.8, news sites were reporting the victory of candidate Biden.
With the presidential election coming to a provisional end, I would like to consider how the market will move toward year-end.
There will be companies that benefit from the change in the U.S. administration and others that fall behind.
Oil shale-related companies are a prime example, but since a move toward disarmament is anticipated, positions around the defense industry will also be unwound.
The financial sector, which benefited under the Trump administration, will be affected similarly.
Although the Volcker Rule was eased, there is a possibility that regulations could be tightened again.