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Investment Event - Biden victory

Biden has been declared president-elect after securing crucial swing states in the Midwest. Meanwhile, the race for the Senate remains uncertain.
08 November 2020
    Download the full reportPDF, 395.33KB

    Key takeaways:

    • Joe Biden has been declared president-elect after securing crucial swing states in the Midwest
    • With Biden at the helm, a split Congress scenario constrains fiscal stimulus, but also implies a less burdensome regulatory environment
    • A President Biden combined with a gridlocked Congress can provide a constructive backdrop for US risk assets
    • Overall, we remain overweight global and US equities amid highly supportive global monetary policy, ongoing fiscal measures, and favourable prospects for global growth in 2021

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