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What Biden’s historic election decision means for markets
Media coverage of the US presidential election reached a fever pitch over the weekend with President Joe Biden’s announcement that he would withdraw from the race. I expect this late-in-the-race turmoil to ramp up short-term market volatility — but I’m also staying focused on next week’s Federal Reserve (Fed) meeting, as I believe the Fed matters a lot more to markets. And I’m watching the results of earnings season for signs that market performance may be broadening from the domination of the “Magnificent 7” stocks. US election turmoil: Three market implications Before we explore the market ... (full story)