Nobody really polls investors to see why they trade, so the market trends get “spun” by both sides.
Liberals claim: Investors were scared off by the massive surge in COVID cases and the unexpectedly high unemployment numbers.
Conservatives respond: Investors are terrified by the prospect that Elizabeth Warren would be the next Secretary of the Treasury. (Implied: vote for Trump to avoid that catastrophe.)
If I were Biden, assuming I got elected, I would think first about who could do the massive housecleaning required from the Attorney General. The DoJ is a travesty. The AG needs to be a workaholic, brainy, tough as nails and incorruptible. If Warren is unavailable, do the Dems have somebody else for that job? To me, that seems like the job for Warren or Tom Perez. Another question – would either or both of the Obamas accept positions in Biden’s cabinet?
Anyway, that’s just idle rambling at this point. Trump may get re-elected, of course, so the Dems need to concentrate on a good VP candidate first and foremost. Given Biden’s age, it is not unreasonable to suggest that his VP may become the president within those four years, so it must be somebody with a cool head and the policy knowledge to run the show. Warren meets the bill, but she is 71 herself, and the Dems would like minority representation on the ticket. Is Kamala Harris ready to be President, for example? Is Susan Rice? Maybe. I just don’t know.