Inaam Khan
@inaam1khan·85.7K subscribers·546 videos
Trump Wins Election! Contested Election | What This Means For Stocks And Stimulus
Posted
November 4, 2020
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362
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November 4, 2020
362
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In this video I offer a quick, raw, and unedited update on elections. Most of us were awake late last night watching elections. Late night, Trump declared victory even though he has not technically won yet. Trump also claimed that he will not count ballots that come in after election night and will take this case to the Supreme Court where he now has more conservative judges. Biden's legal team said that they are prepared to go to court if Trump chooses that route.
Stock futures were way up last night along with stocks in the aftermarket hours. I believe if Trump wins, we might see stocks going quite a bit higher. As of right now, I believe the stock market had priced in a Biden election, but seeing Trump with a high possibility of winning allows companies to look at many benefits such as lower corporate taxes.
In terms of stimulus, if Trump wins the election we can get a stimulus package every soon which would kick up stocks even more along with the real estate market. Democrats would have had a stimulus package early next year most likely once they officially take over office.
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