Reported 8 months ago
During the Bloomberg Invest conference, Boaz Weinstein from Saba Capital Management expressed that a re-election of President Joe Biden would benefit the US bond market more than a second presidency for Donald Trump. Weinstein highlighted Biden's focus on what's good for America rather than the stock market, emphasizing the potential impact on bonds. While acknowledging Trump's unpredictability could lead to volatility, Weinstein also noted the historical low volatility levels during Trump's term in 2017. Regardless of the election outcome, Weinstein suggested that change typically brings volatility to the market.
Source: YAHOO