World Equities Hit Record High On Biden Bounce

Not only would such action be unprecedented in US history which has always had a smooth transition of power but it could be a recipe for social unrest that could introduce an element of risk that the market does not expect. For now, the President appears to be focused on pursuing legal remedies which are almost universally viewed as being futile but should he decide to take his fight “on the road” the sanguine feeling amongst investors could quickly change.

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