The first debate is over, and President Biden’s faltering performance prompted much hand-wringing among Democrats.
How likely is it that former President Donald J. Trump will win the November election?
Fundamentally, the markets don’t care who wins.
Stocks rose early Friday after a favorable inflation report only to give up a little ground later, while the odds of another Democrat replacing Mr. Biden jumped on PredictIt, an election prediction market.
Momentous as this election may be, stocks did well under President Trump and they are doing well under President Biden — not necessarily because of any of their policies.
Persons:
Biden’s, Donald J, Trump, Stocks, Biden, Biden —