“As the coronavirus pandemic continues to worsen and President Trump’s approval rating sinks, Wall Street analysts are discussing the increasing probability of a ‘blue wave’ Democratic sweep of the House, Senate and presidency” Axios reports.
“With a blue wave, Biden could realistically enact major policy shifts such as higher taxes, climate change reform and increased health care spending.”
“Investors have been pricing in a Biden win for weeks, and now analysts at firms like Goldman Sachs, Société Générale, State Street, TD Securities, UBS and others are preparing for a like-minded Congress in his corner.”