‘The risks are now off the table’: Wall Street looks forward to Biden presidency

If, as appears likely, Joe Biden wins, he will become the first president since George HW Bush to enter office without control of both the House and Senate – an outcome that indicates at least two years of legislative gridlock.
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It’s a scenario Wall Street appears to love. One that may give Republicans in the Senate little incentive to enact a new, larger coronavirus stimulus package that Democrats have hoped for and the power to block tax increases, big spending programs and tougher regulations.