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Opinion

Calls for a ‘Biden Trade’ May Be Misguided

Calls for a ‘Biden Trade’ May Be Misguided
Democratic presidential nominee Joe Biden speaks on the state of the U.S. economy in Wilmington, Del., on Sept. 4, 2020. Jim Watson/AFP via Getty Images
Daniel Lacalle
|Updated:
Commentary

Many financial experts have rushed to make what has been regarded as “Biden trade” calls based on the projections by The Associated Press, NBC News, and other news outlets of a Joe Biden presidency. “Biden trade” is a synonym for a recommendation to invest in assets that may benefit from a Democratic presidency judging by the main policies announced throughout the campaign.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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