What to Trade as Biden Takes Power (Cannabis, Guns, & MORE)
Tomorrow is the day of power transition from Trump to Biden, Republican to Democrat. Accordingly, we dive into how the stock market will react and be affected by this political change moving forward. What sectors will there be more risks, and what might have the biggest opportunities? We discuss whether or not cannabis, defense, healthcare, technology, or energy are the sectors to trade right now.
We see the next couple of quarters being shaped by the usual suspect: COVID and how the virus affects retail sales and the broader economy.
What we know is that democratic power will have more regulations imposed on certain sectors. For example, how banks can use their capital or tax rates for corporations. However, a sector that is all too happy to have regulation changes is the cannabis industry. It is now realistic we will see full federal legality of the substance very soon.
With the third wave of cannabis already kicking off, we see this surge moving the highest.
Watch the full interview to see why cannabis is the trade to make and the other sectors poised for growth with the new administration.
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