Despite Donald Trump’s enjoying a slight upswing in popularity in the run up to US polls, PhillipCapital analyst Yeap Jun Rong is expecting Democrats to win a clean sweep of the Presidency, House and Senate come November. A “Blue Wave” is the most likely scenario at 35.1%, followed by a Trump presidency with a united Democratic Congress at 24.8%. 

A Biden victory would be good news for markets, as the S&P500 has tended to see better returns under a Democratic President. A “Blue Wave” has historically seen the S&P500 post annual returns of 12.26% -- the second highest return after a Democratic Presidency with a united Republican Congress (19.46%). Democratic Presidents tend to see higher market returns than Republicans across all scenarios. 

See also: Fact: Democratic presidents are better for the stock market

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