Wall Street Mobilizes for Presidential Campaign

Wall Street Journal: “Wall Street likes Biden’s steady hand and cabinet picks like Commerce Secretary Gina Raimondo, but his aggressive stance on antitrust enforcement has turned off potential backers whose profits depend on a healthy supply of corporate deals.”

“And while another Trump term could deliver the traditional Republican goodies of lower taxes and less regulation, financiers are worried that the former president’s unpredictability could wreak havoc on global markets.”

Said one banker: “Everybody is hoping for a miracle. Nobody wants Biden, and nobody wants Trump.”