"Short" Clean Energy a Strategy for IF Trump wins 2020

 

That’ll be Democratic Nominee for President Mr. Joseph Robinette Biden, from now on. Last night, Biden formally accepted his party’s nomination for the White House at the Democratic National Convention.  What’s Wall Street think?  Investors know Biden’s economic plan has some tough-on-business policies, including returning the corporate tax rate to 28%, upping capital gains taxes, and eliminating a popular real estate tax break. But it’s not all bad for biz. Biden’s proposed a $700 billion “Buy American” campaign and a $2 trillion clean energy and infrastructure plan. Investors feeling good about his chances have flocked to clean-energy stocks, with some companies hitting all-time highs.  Others like his experience navigating recessions. Biden oversaw the 2009 Recovery Act, which included tax cuts and unemployment support.  Big Business in general is favoring Dems this year. Of the nearly $800 million donated to candidates by banks, real estate companies, securities firms, and their employees through June 30, over half went to Democrats—the first time they’ve outearned Republicans since 2008, according to the Center for Responsive Politics.  Zoom out: Wall Street is most worried about a disputed election, which could cause volatility for weeks. In 2000, the S&P fell 8.4% between Election Day and Al Gore’s December concession.