A blue wave this November led by Democratic presidential nominee Joe Biden could lead to a surge in economic growth, according to Goldman Sachs.
Goldman said in a note recently that Democratic control of the presidency and Congress would raise the probability of a fiscal stimulus package worth at least $US2 trillion.
Longer-term spending measures proposed by Biden targeting infrastructure, climate, healthcare, and education would also help boost economic growth prospects.
See the full article here: https://www.goldmansachs.com/insights/pages/beyond-2020-post-election-policies-f/report.pdf
We remain cautiously optimistic that the economy and stock market will show slow and steady growth without much of a downturn as the COVID crisis continues into 2021.
We also continue to review client portfolios and other assets and investments to verify that everyone has the cash and liquidity they need for upcoming short term needs to buffer against uncertainty and market downturns.