What Could Happen if Joe Biden Wins U.S. Election

If Joe Biden were to win the election in November, here are some of the top stocks to consider.

For one, according to The Wall Street Journal, expect to see turbulence in the stock market on a Biden win.  As they note, Biden could potentially usher in increased regulation, and higher taxes, for example.

“More regulation will mean lower profits, less economic growth and lower stock prices. The more serious threat to the stock market is increased taxes. Mr. Biden’s plan calls for boosting taxes on corporate profits to 28% from 21%. That would put a dent of about $130 billion in corporate profits each year, according to the Tax Foundation. The resulting market drop would probably come in November, if Mr. Biden wins.”

If we see higher turbulence in the market, as suggested, investors can bet on higher volatility with ETFs and ETNs such as:

  • ProShares Ultra VIX Short-Term Futures ETF (UVXY)
  • VelocityShares Daily 2x VIX Short-Term ETN (TVIX)
  • iPath S&P 500 VIX Short-Term Futures (VXX)

At the same time, Biden could have a big impact on green energy, health care, cannabis, and infrastructure, too.

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