• Tue. Oct 20th, 2020

Chamath Palihapitiya Outlines Alarming Motive Stocks Build Going Bigger

Chamath Palihapitiya Outlines Alarming Motive Stocks Build Going Bigger
  • Traders are concerned with the upcoming U.S. presidential election impacting the inventory market.
  • Chamath Palihapitiya acknowledged the inventory market would proceed to rise no subject a Trump or Biden presidency.
  • Stocks are going greater ensuing from the Federal Reserve’s unheard of enhance, which is inflicting asset mark inflation.

After a tech inventory selloff in September, shares are persevering with the rally that started at the extinguish of March. The S&P 500 is up extra than 50% since March bottom and about 5% up 365 days-to-date.

S&P 500 Index
The U.S. election could presumably mutter some volatility within the non permanent, however the Fed’s intervention will force shares greater. | Chart: Yahoo Finance

Many investors are timid that the upcoming U.S. presidential election final consequence could presumably affect the inventory market. They survey the election as a major possibility, as uncertainty hangs over who will prefer, what policies the winner will enforce, and whether or no longer the election will be contested.

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