Posted 2/20/2024, 12:09:00 PM
Wall Street Eyes Possible 'Red Wave' Election Outcome and Economic Impact
- Wall Street investors spending most time preparing for potential "red wave" on Election Day, seeing it as most likely to cause major economic changes
- "Red wave" refers to Trump winning White House and Republicans taking Congress
- Investors think "red wave" would have similar economic effect to 2016
- "Blue wave" with widespread Democratic wins seen as less likely but could mean more government spending and higher borrowing costs
- Polls show Trump leading Biden in battleground states and seen as stronger on key issues like economy and immigration