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

Paul Podolsky
Paul Podolsky

Updated: 4:03am, 10 Dec, 2020

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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