PREMIUM
PABLO PARDO
Washington
Updated on Sunday, 17January2021-02: 19
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The
Biden trade
has arrived
.
In fact, it already started in September, when the market assumed that the then Democratic candidate was going to win the presidential election of the United States.
The
Biden trade
was based on a blue wave, that is, on the Democrats' seizure of the White House and the Senate, and the maintenance or even expansion, of its majority in the House of Representatives.
The implications of that blue wave were clear: more public spending to combat the impact of the covid,
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