The Markets never lie – and it looks like Wall Street is smiling about Joe Biden

Mar 4, 2020

1 min

Jeff Haymond, Ph.D.

The Markets never lie – and it looks like Wall Street is smiling about Joe Biden

 

It wasn’t just the Joe Biden campaign celebrating after a monumental Super Tuesday – so too was Wall Street.

 

Dow (INDU) futures were last up more than 580 points, or 2.3%, after the former US vice president was projected to win many as nine states including Texas, Virginia and Minnesota. Sanders captured Utah, Vermont and Colorado, and was leading in California.

Futures for the S&P 500 (INX) were up 1.8%, while the Nasdaq Composite (COMP) increased 1.9%.


Wall Street has been unnerved by prospect that Sanders, who wants to ban fracking, break up big banks and institute a wealth tax, could win the Democratic nomination and eventually the presidency. March 04 – CNN Business



 

But what impact and influence will investors and indexes have on the actual outcome of the primaries? Will voters be convinced or swayed by the markets or is this result simply a by-product of an election result?

 

It is interesting for sure, and if you are a reporter covering this topic – then let our experts help with your coverage.

 

Jeff Haymond, Ph.D. is Dean, School of Business Administration and a Professor of Economics at Cedarville and is an expert in finance and trade. Dr. Haymond is available to speak with media regarding this topic – simply click on his icon to arrange an interview.




Connect with:
Jeff Haymond, Ph.D.

Jeff Haymond, Ph.D.

Dean, School of Business Administration/Associate Professor

Research interests include economics and religion, as well as monetary theory

Financial Markets (General)Federal Trade Reserve PolicyFree TradeMinimum Wage / UnemploymentGovernment Regulation

You might also like...

Check out some other posts from Cedarville University

2 min

First Presidential Debate

The race for presidency ramps up this week. Millions of Americans will tune in Tuesday night to the first – and potentially only – presidential debate between former president Donald Trump and current vice president Kamala Harris. Will this debate push uncertain voters toward a decision? Political expert, Dr. Mark Caleb Smith, has stated the importance of the upcoming debate in the decisions of voters, especially in key swing states like Georgia and Pennsylvania. In a recent interview, he spoke on how voters are deciding on a candidate. Here are a few key points: Some voters, often referred to as “late-deciders,” have yet to settle on a candidate, either because they aren’t plugged into current political events or because they don’t have strong feelings about either option. Will the presidential debate be the key to candidates informing voters and creating a lasting impression? Since the integration of television into the election cycle, voters seem to be making their decision based on feelings and perceptions of the candidates, rather than on policies. How will the muted microphone rule put in place for this debate affect the public’s perceptions of each candidate? The outcome of key swing states, such as Georgia and Pennsylvania, may determine the vote of other swing states, based on national trends. What direction will these states lean after Tuesday night? If you are a journalist looking to cover the presidential debate or election season, look no further than our knowledgeable experts for help. Mark Caleb Smith is the Director of the Center for Political Studies at Cedarville University. Mark is available to speak with the media regarding the first presidential debate, voters and the upcoming election. Simply click on his icon to arrange an interview.

1 min

Covering King Charles? Our Expert can Help

It's news that has shocked the world and has citizens across Britain and the Commonwealth as well  loyal watchers of the British monarchy in deep concern. This week, King Charles was diagnosed with cancer. News was released Monday in a statement from the palalce. This news will raise many questions both in the UK and abroad. Will his medical condition make him consider stepping down? Is William ready to be King? Is there still a time, place and relevance for Royals in these modern times? If you're covering - let our experts help. Dr. Glen Duerr is a citizen of three countries. He was born in the United Kingdom, moved to Canada as a teenager, and then to the United States to obtain his Ph.D. His teaching and research interests comparative politics and international relations theory. Dr. Duerr is available to speak to media regarding this topic– simply click on his icon to arrange an interview.

1 min

Progress lost? Is there any chance for lasting peace in the Middle East?

War is on again in the Middle East - and after years of talks, negotiations and most recently the Abraham Accords - has it all been lost now that war has returned? Glen Duerr, Ph.D. a Professor of International Studies at Cedarville University and a renowned expert in the areas of international relations and comparative politics, can explain the peace process and what might be next in Arab-Israeli relations. If you're covering this ongoing war and need to know more - then let us help with your questions and stories. Dr. Duerr is an expert on this subject and is available to speak to media regarding this topic– simply click on his icon to arrange an interview.

View all posts