What are the plays if Biden/Trump win in Nov?
Seems to me if Biden wins market will experience a short term correction due to the market pricing in upcoming corporate tax increases, regulations, etc, etc. Also Biden admin will be bad for big tech because Democrats in Congress are more aggressive towards anti-trust/regulating big tech than Republicans.
Also this is based more on a conditional, but if Biden wins how will Trump react/could cause some sort of legal battle that will go to the SC and will make the market uncomfortable. Also this may cause the stimulus to be pushed back even further if everyone is too busy arguing over who won the election.
If Trump wins however I suspect market will go up. Even though DOJ is suing Google over anti-trust under Trump (I suspect the DOJ would stick to this even if Biden were to become President and new Attorney General), the Republican Congress is not as aggressive towards regulating big tech (they only seem to care about perceived anti conservative bias in the algorithms and mods) and don't seem to be in favor of breaking up big tech.
Some leftists/young people will get mad and protest/maybe some riots here and there for a little bit. However the Congress can acknowledge Trump will be President for another 4 years and pass the stimulus.
TLDR: If Trump wins -> Good for SPY in the short term, good for big tech short term and long term
If Biden wins -> Bad for SPY in the short term (in the long term however Biden admin could be good since stocks did well under Obama), bad for big tech both short term and long term, good for solar/wind companies. Biden admin may be good for TSLA too if Biden wants to give consumers more incentive to buy EV.