Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP
Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP
Paul Podolsky
Opinion

Opinion

Macroscope by Paul Podolsky

As Joe Biden takes over as US president, should investors bet on American or Chinese stocks?

  • The biggest risk to markets is a disruptive break in the existing order. A breakdown in the transition of presidential power would constitute such an event
  • While this risk has diminished, China’s opening of its capital markets and the promise of better relations with the US bodes well for its stocks

Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP
Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP
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Paul Podolsky

Paul Podolsky

Paul Podolsky is an investor and the author of Raising a Thief. For 20-plus years, he worked on Wall Street, most of the time with Bridgewater Associates. https://www.paulpodolsky.com