The 2020 United States election or 2020 US campaign has been scheduled for the 3rd of November, 2020. This in fact on a Tuesday and it will be the 59th quadrennial election. The incumbent President, Donald Trump is eligible to run for a second term and has made known his intention that he will be going for a rerun. The winner of the 2020 presidential election is scheduled to be inaugurated on January 20, 2021.
Rebound In the value of Stock Funds
There has been an interesting increase in the net worth of U.S. households rose in the first quarter, according to the Federal Reserve. There has also been a rebound in the value of their stocks and mutual funds. This has combined with the continued and steady increase in their real estate holdings. All these have helped to increase the net worth by 4.5% in the first three months of 2019, to $108.6 trillion.
How has the 2020 US Campaign Shaped the Stock Market?
President Donald has been making some moves that apparently will favor his re-election and affect the stock market. One would think that with the huge tariffs on China and also the imposition of tariffs on Mexico for anti-immigration that President Donald Trump doesn’t have a backup plan. This move is in a bid to drive a “political wedge” between himself and his opponents. These moves by Donald Trump may, in fact, affect the stock market and in turn the economy.
Observers are of the opinion that Trump is making policies. The policies that play to his political base, an example is the one on immigration. Also, which may hurt the economy as stated earlier, and the stock market eventually. The plan is for him to stick to market-friendly policies in time to have the economy and stocks booming into the Election Day in 2020. Very interesting moves from Donald Trump, wouldn’t you agree?