For sure, both parties would/will continue to kick the can as far down the road as possible.
Biden et al would do it smoothly, seamlessly, ebulliently, and with abandon. Trump would do it tortuously, grumblingly, and with conditions—but it will get done, and that is what the stock market is all about.
At the same time, though, the USD will take a dump.
Economically I used to hope that R would win, because D will want to tax us out of existence—but it’s much easier to provide both fiscal and monetary stimulus than it is to pass big new taxes. I think they will come, but only after the celebratory stimulus orgy. I plan to try to capture the first and avoid the second, should D win.
I will ride it out longer if R wins, especially if they keep the Senate. Everything was all-guns-blazing before covid, and there is every reason to expect a return to the old modus operandi.
Yes I know each new stimulus dollar has less effect than the last, but it needs to be put in the context of political events. What I don’t know is how to play the election itself and the transition period. Getting lots of recos. I think I am ok in mostly cash, with a bunch of miners, a few tech, and a mostly-US megacap fund. Foreign RE, currencies, and art as hedges. I will not capture to any great extent any meteoric US rise.
I have zero idea who will win. Media say D, people in private say R. You guys doing anything in particular to position yourselves? Selling shale if you think D wins?