For better or worse, the decision of the people in Washington, D.C. affects every last one of us. People can post about it in all caps on Facebook. They can hold up signs on the side of the road. They yell at their TVs over it all they want. That doesn’t change the reality of the situation.
Likewise, the reality is that we’ll be seeing a changing of the guard in D.C. in January. And like any time administrations change, priorities change. Under Trump’s presidency, the defense and aerospace industries soared. Corporate tax reductions bought many a new luxury car for C-suite executives at the big banks. Relaxed environmental regulations made it possible for oil and mining companies to thrive.
If you had shares in companies in any of these sectors, you’ve likely done very well over the past four years.
So what about the next four years?
President-Elect Biden is no doubt building out his cabinet so he can get right to work come January. With his term on the horizon, it pays to look at just what his policies are. That will determine how his potential cabinet appointees will lead their agencies and how policy will affect investment.
Biden’s Potential Cabinet
It’s worth looking at how the next defense secretary might operate under this new administration first and foremost. According to Biden’s website, his aim in foreign policy is to repair our reputation with our allies. He wants America to be a leader again and “mobilize global action on global threats.”
This could be seen as code for strengthening alliances against rival countries like China and Russia. That would mean more work for defense companies. In essence, not much will likely change for firms like Lockheed Martin and Northrop Grumman. The industry is too embedded in the economies of too many states for democrats in congress to fight Biden’s policies too hard. So those companies will likely continue thriving under his leadership.
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Bill Gates calls it “the holy grail” of modern technology, and he’s spent over $690 million to bring this tech to Microsoft.
Jeff Bezos has shelled out over $871 million doing the same for Amazon.
And Google has outdone them all, pouring over $3.9 billion into this technological breakthrough.
This is a once-in-a-lifetime opportunity that you don't want to miss.
