I am not a person who likes to predict how the market would move in the future, but given the historical moment we are at, it is probably worth thinking where we would put our money in the market next year.
Who is the next President of United states is still in the air. Trump may still have a chance to win even the media seems to have already chosen who is the winner.
Economy wise, If Biden wins, he would pursue tax increase and bailout of big cities that are in budget crisis. If Trump wins, the tax mostly will remain low, corporate and tax payers will benefit from this and economy will bounce back quickly. Interest will remain low in both scenarios to give time for economy to heal. I would think muni is a good market to go in if Biden wins, the broad market will rise more if Trump wins and delivers vaccine more efficiently.
If Biden wins and in my opinion, it was done through cheating. It is a great danger to the foundation of United States. They could employ the same mechanism to steal votes in the future and eventually controls the congress and supreme court. The change they push can radically reshape America. If nobody trusts the democracy of United States, then U.S. market is not free market anymore. The aftermath would be devastating. I simply don’t know where to invest money safely in the long run and probably think about leaving the country as the last resort.
拜扽赢出很大可能性是作弊。这是对美国的立国之本很大的伤害。他们以后会通过一样的手段控制议会和最高法庭， 然后作出一些可怕的变化。如果没人信任美国的民主， 美国的市场也不是自由市场了，后果是相当绝望的。我不能想象长期投资股市的安全性而且可能离开这个国家。
If Trump wins and he is able to put the election process in the safe hands for future, the market should be stabilized and steady up given the trust of the democratic system. But at the same time he may also put more pressure on US-Sino relationship, so there might be some bumps in the road in the short-term. But I would stay in the market amid head-winds.
So I would allocate 20% in Muni (close-end fund to have more leverage), 80% in stock market as a balance.