{"id":3060,"date":"2020-11-10T15:10:36","date_gmt":"2020-11-10T23:10:36","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3060"},"modified":"2020-11-19T09:50:40","modified_gmt":"2020-11-19T17:50:40","slug":"ep-173-election-aftermath","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-173-election-aftermath\/","title":{"rendered":"Ep 173: Election Aftermath &#038; What A Contested Election Means for the Market"},"content":{"rendered":"<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">About that election\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No matter what side you\u2019re on, you\u2019ve gotta admit:<\/span><b> it\u2019s an election unlike any other.<\/b><span style=\"font-weight: 400;\"> Of course, what else would you expect in 2020? It\u2019s been a year <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-164-the-wildest-100-days-in-stock-market-history\/\"><span style=\"font-weight: 400;\">unlike any other<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the SteadyTrade Podcast, we\u2019re not interested in getting into political debates. We\u2019re more interested in talking about how the election and its aftermath could shape the stock market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This episode was recorded shortly before the election results were called in president-elect Joe Biden\u2019s favor. Listen in to hear co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about the market, the election, and the emotions surrounding it all \u2026 Plus, find out their thoughts on the near future!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">A Monumental Moment\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Tim admits it: he was wrong\u2026<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A week before the election, he predicted that the market would only gap up if there was a clear and undisputed winner. However, at the time of this recording \u2014 before we had any results \u2014 the market was up, big time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typically, during times of uncertainty, the markets react with uncertainty in kind. The crew talks about the monumental moment that the U.S. experienced during the election.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen shares with his American co-hosts, \u201cI know I\u2019m not American but this is a very unique and special day \u2026 It\u2019s monumental for you, but it\u2019s monumental for the rest of the world too.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a former resident of Dubai and Englander by birth, Stephen speaks to the opinion of foreigners on the election \u2014 you might be surprised!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Are Politicians Good for the Economy?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The recent market spikes have Kim wondering: is the market making a split from politics?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Talk about a debate! You won\u2019t want to miss a lively discussion about the effect of politics and the economy on the stock market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim shares, \u201cA lot of people say the economy isn\u2019t the market \u2026 I disagree.\u201d He makes an argument for why they\u2019re irrevocably intertwined&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regardless of how politics and the stock market are connected, one thing isn\u2019t up for debate. President Donald Trump is very capable of moving stocks \u2014 his Twitter feed has even gained him the nickname \u201cPumper in Chief.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Will the Market Move Forward?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Once again, at the time of this recording, the election still hung in uncertainty.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, what was true during the recording remains true even now \u2014 it was a really, really close race.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And nearly 50% of people may not be happy with the results.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The crew talks about what this means \u2014 and how anger and frustration could affect not just the nation, but the stock market.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Did the Bookies Get the Election Right?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Plenty of people were trying to call the race in a most unusual way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not by bingeing on the news \u2026 But by following sports bookies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In retrospect, were they right? What does this say about an analytical, <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\"><span style=\"font-weight: 400;\">technical data approach<\/span><\/a><span style=\"font-weight: 400;\"> to playing not just politics, but the stock market?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Prediction Time\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To close out the episode, our hosts each weigh in on their predictions for the U.S. and the stock market in the coming months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, is it possible that the election will be contested? If so, what could happen?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Either way, there are plenty of things on the table that could move stocks \u2014 stimulus packages, taxes, continued low interest rates, a real estate boom\u2026\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">\u201cIt could be a great time to make money,\u201d observes Stephen.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is it Up For Debate?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Do you agree with the SteadyTrade hosts\u2019 predictions for the stock market? Got questions about the episode? Hit us up!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Does this episode get your vote? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Follow our hosts on social media&#8230;<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/stephenjonk87\/?hl=en\"><span style=\"font-weight: 400;\">@stephenjonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>About that election\u2026 No matter what side you\u2019re on, you\u2019ve gotta admit: it\u2019s an election unlike any other. Of course, what else would you expect in 2020? It\u2019s been a year unlike any other.\u00a0 At the SteadyTrade Podcast, we\u2019re not interested in getting into political debates. We\u2019re more interested in talking about how the election [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 173: Election Aftermath &amp; What A Contested Election Means for the Market - SteadyTrade.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-173-election-aftermath\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 173: Election Aftermath &amp; What A Contested Election Means for the Market - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"About that election\u2026 No matter what side you\u2019re on, you\u2019ve gotta admit: it\u2019s an election unlike any other. 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