UBS Report: Biden Victory Could Impact Equity Markets and Geopolitical Relations

If President Joe Biden wins another term in the White House and both houses of Congress go to the Democrats, that could negatively impact U.S. stockholders, highlighting potential higher corporate tax rates and consumer spending concerns. A Democratic sweep could also lead to more corporate regulation. However, the UBS report presents nuanced outcomes, discussing the implications of different election scenarios on financial markets and international concerns, including U.S. commitment to NATO allies.