What does Joe Biden’s victory mean for your money?

The “likely” scenarios of a Joe Biden presidency are priced in, says John Stepek. The “unlikely” ones are not. Here's what might happen next to surprise investors.

Joe Biden
Joe Biden with a Republican Senate could see a lot more spending that markets might expect.
(Image credit: © Robert Deutsch/USA Today/Bloomberg via Getty Images)

The ‘i’s have not quite been dotted, and the ‘t’s haven’t all been crossed, and the man currently in the White House isn’t at all willing to accept the result – but it looks as though Joe Biden is almost certainly going to be US president from 2021.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.