Dear readers, today is the first trading day after the result of the US Presidential Election was announced. In my recent post, I shared about how investors will respond to the results. I said then that though the mood should be quite buoyant with the US Election outcome, investors may also be taking profits since a Biden’s win was likely to have been priced in for quite some time already.
Hence, today, as of this time in writing, the Straits Times Index is responding modestly to Biden’s win with 1.14% upside. I believe as US comes to terms with the realities of their economies and Covid-19 situation, US stocks markets are likely to turn bearish soon.
Thus, please don’t invest in the stocks markets now just to ride on Biden’s win. This may be the time for investors to cash out.
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