Many of our clients have asked us what the impact of a Joe Biden victory would be on the stock markets and the American economy. In the short run, say the first few weeks after an election, we just don’t know. It is worth remembering that on the night Donald Trump was elected in 2016, the futures market indicated that American stocks would open the next day down by as much as 4%. Instead, by the end of the day there were solid gains. So we will make no predictions about the very near term. However, in the medium term, we expect that a Biden administration, particularly if coupled with a Democratic majority in the Senate, would be good for the US economy. Here are six reasons why.