From WSJopinion: Expect some turbulence in the stock market if Biden is elected—but 15% annual returns are possible even with the threat of higher taxes, writes Ed Finn
If Joe Biden is elected president, expect turbulence in the stock market. Between now and Jan. 20, when Mr. Biden would move into the White House, stocks could easily drop 10%.
Over a four-year Biden term, however, there is reason to believe that the total return on stocks, including reinvested dividends, will average about 10% a year, as they have for nearly a century. It’s even possible that U.S. investors will enjoy annual stock returns of 15% or better during a Biden administration.
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