Why the Stock Market is at an All Time High... Again?!

<p>In the fallout of one of the most volatile American elections ever financial markets did something very strange, they rose, and rose to new record levels, again.</p> <p>This would be unusual during even a normal election, where most investors tend to sit back and wait for the dust to settle but it is especially strange in 2020.</p> <p>Joe Biden, who everybody is at least 90% confident will be the next president has spoken very openly about plans to raise corporate tax rates and this is coming in conjunction with the tension around how a transition of power may or may not take place, not to mention that global pandemic.&nbsp;</p> <p>If investors are supposed to fear uncertainty surely they would be terrified of the current world that we live in.&nbsp;</p> <p>Logic would dictate that the best outcome for the major corporations that make up financial markets would have been a nice simple and decisive Republican victory. At the end of the day, they tend to be a slightly more pro-business party.</p> <p>Instead what they got was an extremely contentious Democratic victory with the potential to bring turbulence around key issues like covid relief packages in the coming month.&nbsp;</p> <p>So what is going on here?</p> <ul> <li>Why have markets rallied so hard in spite of this turbulence</li> <li>Will this market boom reverse if the proposed policies of the Biden's campaign are rolled out.</li> <li>And could it just be that investors no longer favored trump as president?</li> </ul>