Get Ready for Biden Versus Trump
Bernie Sanders has bowed out of the presidential race, allowing Joe Biden to move onto the front row of the grid alongside President Donald Trump. The sitting president still looks in pole position to be reelected in November, but the start lights aren’t green yet. Virus on the track!
Bernie Sander’s resignation is a blow to his supporters. He was the “people’s champ,” advocating free healthcare and promising to keep billionaires on a tight lead. The coronavirus is responsible for his formal campaign suspension. He needed to rebound fast from weak early primaries, but crowds and social gatherings suddenly became illegal.
Barring some sensation, Joe Biden will win the Democratic nomination to face President Trump, a Republican, of course. He’s Barrack Obama’s former vice president, happy to let Wall Street do its thing, and preferring more casual healthcare reform. Investors celebrated this Thursday with stock markets shooting up to close the most spectacular week of gains since 2009!
It’s hard to say if investors would prefer Biden to Trump. He’s less drama, that’s for sure, but he’s also less obsessed with the stock market’s intraday moves. Mail voting needs to be arranged to let Americans decide, and we need to know the democrat’s plan in a probable Skype head-to-head with Big Don.
Hillary Clinton couldn’t handle him. Jeb Bush couldn’t handle him. You need more than a good list of policies, a familiar face, and a career in politics. The sitting president is 47.6% likely to book himself another four years on the job, according to Betfair. Joe Biden is 45.5% likely to win, with Cuomo, Clinton, Pence, and for some reason, wildcard Michelle Obama topping up the odds to 100%. Who’s your invested money on?
Staying Bust During Market Closures
Anyone out there? American markets took the day off on Good Friday, as did many exchanges around the world on Easter Monday. With no action on the indices, what’s a trader to do?
Well, out goes the noise. There are no momentary mega-risers or flash crashing mega-fallers to distract you from your investing analyses. Some will hit the Invstr feed with hot topics and questions, how long the rally will run. Others will unplug completely, crunch numbers in silence, and return to markets with conviction next week. One thing’s for certain, now’s the time to extend an advantage over market rivals.
Investing is not a zero-sum game, there’s plenty dollar to go round. However, to make more than the average investor, you need an ‘edge’ that the average investor doesn’t have. You need to know something he or she doesn’t know. You need a stronger gut, more practice, experience, and you need to work harder flat-out.
Most buyers and sellers are active between 9:30 a.m. and 4.00 p.m., official trading hours on the New York Stock Exchange. Others start at 8:00 a.m., catching pre-market, and they don’t go home until the bulk of after-market moves are made at 6.30 p.m. Commendable, but what if they took it a step further.
What if they didn’t take leave on days like today, studied companies at night, and traded them during the day? What if they took investing as seriously as athletes take their training? It won’t matter what your rivals do in the pre-market if they’re already ten years behind you. Down to business!