Business
This Biden move will push shares to record highs – The Motley Fool Australia
He’s only been president for a day, but Joe’s already pulled off a manoeuvre that’ll put a rocket under stocks, says one fund manager.
Share markets will hit record highs this year because of one move that Joe Biden has already made.
That’s according to DeVere Group chief executive Nigel Green, who explained the appointment of Janet Yellen as US Treasury secretary is a very positive development for equities.
“Despite the inauguration pomp and ceremony at the Capitol, investors’ focus is now already on Janet Yellen, who will take over from Steve Mnuchin as US Treasury secretary,” he said.
“In her testimony in congress on Tuesday,…
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