President Trump, in an exclusive interview with FOX Business’ Blake Burman, says presumptive Democratic nominee Joe Biden would raise taxes and increase regulations, leading to a market crash.
While betting markets are predicting a blue wave that gives Democrats control of the White House and Congress in November, the performance of stocks that benefited the most from Republican tax cuts shows not all investors believe it’s inevitable.
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The basket’s outperformance of the dollar and the S&P 500 has shrunk only 5% since June 2019 despite polls and prediction markets showing a growing risk to GOP dominance, according to Goldman Sachs. The prediction market Predictit, for example, shows odds of Republicans holding the