The stock market thinks Joe Biden is going to beat Donald Trump
https://www.cnn.com/2020/09/02/investing/joe-biden-stock-market-donald-trump
It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market — as well as a portfolio of stocks that might benefit from a second Trump term.
According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June.
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Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months.